The Atlanta Fed GDPNow growth estimate for Q4 rises to 2.6% from 2.5% previously.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.6 percent on November 19, up from 2.5 percent on November 15. After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter real residential fixed investment growth increased from -1.2 percent to 0.1 percent.
This article was written by Greg Michalowski at www.forexlive.com.
