The Atlanta Fed GDPNow development estimate 2.four% vs 2.three% final

The Atlanta Fed GDPNow development estimate for This autumn got here in marginally increased at 2.four% vs 2.three% final. In their very own phrases:

he GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the fourth quarter of 2024 is 2.four % on November 5, up from 2.three % on November 1. After current releases from the US Census Bureau, the Institute for Provide Administration, and the US Bureau of Financial Evaluation, the nowcast of fourth-quarter actual private consumption expenditures development elevated from 2.6 % to 2.7 %.

The subsequent GDPNow replace is Thursday, November 7. Please see the “Launch Dates” tab under for an inventory of upcoming releases.

Final quarter the Atlanta Fed mannequin hit the Q3 quantity on the screws at 2.eight% The Atlanta Fed mannequin has been doing a very good job of projecting development and as such, has been gaining the boldness of the markets.

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This text was written by Emma Wang at www.ubaidahsan.com.



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