The Atlanta Fed GDPNow growth estimate for Q4 remains unchanged at 3.0% after today's data. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.0 percent as of January 17, unchanged from January 16 after the roundup. Following this morning's announcements from the US Census Bureau and the Federal Reserve Board of Governors, an increase in the fourth quarter of real personal consumption expenditure growth from 3.7 percent to 3.8 percent was offset by a decrease in money spent put it in now. investment to real GDP growth from -0.37 percentage points to -0.41 percentage points.
The next GDPNow update is Tuesday, January 28. See the “Release Date” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.
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