RSS Atlanta Fed GDPNow Forecast Rises to 2.7% for Fourth Quarter 2024

[Crax Bot]

In a recent update on January 7, 2025, the Atlanta Federal Reserve announced an upward revision to its GDPNow model forecast for the fourth quarter of 2024, with current estimates placing the growth at 2.7%. This marks a slight increase from the prior estimate of 2.4%, indicating a modest uptick in economic activity towards the end of last year.

The GDPNow forecast provides a real-time estimate of the economic growth rate and is closely watched by analysts and investors for insights into the U.S. economy's momentum. This adjustment suggests improved economic conditions, hinting at stronger consumer spending, business investment, or other economic factors contributing to the late 2024 growth.

As the first quarter of 2025 rolls in, the revised forecast offers a more optimistic preview of the U.S. economy's potential trajectory. Stakeholders will be keenly observing upcoming economic indicators to see if the positive trend continues, providing a hopeful outlook amidst global economic uncertainties.

The material has been provided by InstaForex Company - www.instaforex.com

Click to read more...