The Atlanta Fed GDPNow development estimate for This fall rises to 2.6% from 2.5% beforehand.
In their very own phrases:
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the fourth quarter of 2024 is 2.6 % on November 19, up from 2.5 % on November 15. After this morning’s housing begins report from the US Census Bureau, the nowcast of fourth-quarter actual residential mounted funding development elevated from -1.2 % to 0.1 %.
The following GDPNow replace is Wednesday, November 27. Please see the “Launch Dates” tab beneath for an inventory of upcoming releases
This text was written by Greg Michalowski at www.forexlive.com.
