Atlanta Fed GDPNow progress estimate for 4Q dips to three.1% from three.three% final

The Atlanta Fed GDPNow progress estimate for 4Q is available in at three.1% down from three.three% on December 9. IN their very own phrases:

The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual charge) within the fourth quarter of 2024 is three.1 % on December 17, down from three.three % on December 9. After latest releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, the nowcast of fourth-quarter actual gross personal home funding progress decreased from 2.four % to 1.2 %, whereas the nowcast of actual authorities expenditures progress elevated from 2.four % to 2.6 %.

The following GDPNow replace is Wednesday, December 18. 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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