Atlanta Fed GDPNow 2.5% up from 2.four% final
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The Fed GDPNow development estimate for This autumn rose to 2.5% from 2.four% final.
In their very own phrases:
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the fourth quarter of 2024 is 2.5 % on November 7, up from 2.four % on November 5. After this morning’s wholesale commerce launch from the US Census Bureau, the nowcast of fourth-quarter actual gross personal home funding development elevated from zero.four % to zero.eight %.
The following GDPNow replace is Friday, November 15. Please see the “Launch Dates” tab beneath for an inventory of upcoming releases.
This text was written by Emma Wang at www.ubaidahsan.com.
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