Atlanta Fed GDPNow Q2 growth estimate 1.8%, down from 2.7% on May 31
globalreutersJune 3, 20241 Mins read The Atlanta Fed GDPNow growth estimate for you to fall sharply to 1.8% from 2.7% on May 31.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 1.8 percent on June 3, down from 2.7 percent on May 31. After recent releases from the US Census Bureau and the Institute for Supply Management, the nowcasts for annualized second-quarter real personal consumption expenditures growth and real private fixed investment growth declined from 2.6 percent and 3.1 percent, respectively, to 1.8 percent and 1.5 percent.
The next GDPNow update is Thursday, June 6.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
AUDUSD falls as risk-off sentiment and technical sellers push the pair lower
The AUDUSD moved higher yesterday as the USD weakened, bringing the pair...
Pain in the stock market: 8 things are adding up to an ugly selloff
US stock markets are under some heavy pressure today with the S&P...
Fed’s Goolsbee: Steel tariffs will raise production costs in region
Fed's Goolsbee is lurking around saying that:Steel tariffs will raise production costs...
USDJPY falls below the 50% midpoint
The USDJPY has moved below the 50% midpoint of the move up...
Leave a comment