by Calculated Risk on 2/09/2024 11:30:00 AM
Friday, February 09, 2024
Early GDP Tracking: Solid Start for Q1
From BofA:
Next week, we will start 1Q GDP tracking with the January advance retail sales print. [Feb 9th comment]From Goldman:
emphasis added
We boosted our Q1 GDP tracking estimate by 0.1pp to +2.9% (qoq ar) and we left our domestic final sales forecast unchanged at +3.2% (qoq ar). [Feb 7th estimate]And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 3.4 percent on February 8, unchanged from February 7 after rounding. [Feb 8th estimate]