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Friday, September 20, 2024

Q3 GDP Tracking: Close to 3%

by Calculated Risk on 9/20/2024 11:26:00 AM

From Goldman:

We left our Q3 GDP tracking estimate unchanged at +3.0% (quarter-over-quarter annualized) and our domestic final sales forecast unchanged at +2.9%.
emphasis added [Sept 19th estimate]
And from the Atlanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on September 18, down from 3.0 percent on September 17. [Sept 18th estimate]