The Atlanta Fed GDPNow growth estimate for 4Q remains at 3.3%. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent as of December 9, unchanged from December 5 after the roundup. Following recent announcements from the US Census Bureau and the US Bureau of Labor Statistics, a decline in the now projected growth of real personal consumption expenditures in the fourth quarter was offset by an increase in numbers now of real private domestic investment growth in the fourth quarter and the fourth quarter. quarter of real government spending growth.
The next GDPNow update is Tuesday, December 17.
This article was written by Greg Michalowski at www.forexlive.com.
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