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Atlanta Fed GDPNow Q3 growth estimate rises to 3.9% from 3.5%
The Atlanta Fed GDPNow model estimate for Q3 growth rose to 3.9% from 3.5% after data today. It is the 2nd estimate for the quarter given recent data. Last week Q2 growth came in at 2.4%. That was right on the Atlanta Fed estimate going into the release. IN the 1st quarter the Atlanta Fed model estimated 1.1% growth and that was also right on the announced Q1 advanced GDP growth forecast. The increase was helped by increases in PCE, equipment, non-residential structures, residential investment...
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Posted: Aug 1 2023, 16:00
Author Name: forexlive
Views: 080827