Friday, 18 October 2024

Atlanta Fed Q3 GDPNow 3.4% vs 3.2% prior

by BD Banks

We’re ticking down to the first release of Q3 GDP and so these numbers are worth tuning into and so far, they’re impressive. The latest shift is to 3.4% from 3.2%.

After recent releases from the US Census Bureau, the US Bureau of Labor
Statistics, and the Federal Reserve Board of Governors, the nowcast of
third-quarter real personal consumption expenditures growth increased
from 3.3 percent to 3.6 percent, while the nowcast of third-quarter real
gross private domestic investment growth decreased from 3.3 percent to
3.1 percent.

This article was written by Adam Button at www.forexlive.com.

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