Atlanta Fed GDPNow growth estimate for Q4 rises to 2.7% from 2.6% on November 19

The Atlanta Fed GDPNow growth estimate for Q4 rose to 2.7%. In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.7 percent on November 27, up from 2.6 percent on November 19. After this morning’s personal income and outlays release from the US Bureau of Economic Analysis, the nowcast of fourth-quarter real personal consumption expenditures growth increased from 2.8 percent to 3.0 percent.

The next GDPNow update is Monday, December 2. Please see the “Release Dates” tab below for a list of upcoming releases.

This article was written by Greg Michalowski at www.forexlive.com.