RSS Atlanta Fed Raises Q4 GDP Growth Estimate To 3%

[Crax Bot]

The Atlanta Federal Reserve revised its projection for U.S. GDP growth in the fourth quarter of 2024 on Thursday, attributing the change to the latest economic data.

The GDPNow model has adjusted its estimate for real GDP growth in Q4, raising it to 3.0% from the previous forecast of 2.7% set on January 9.

"Following recent data releases from key agencies including the Treasury's Bureau of the Fiscal Service, the U.S. Census Bureau, and the U.S. Bureau of Labor Statistics, there have been updates to the projections: the nowcasts for fourth-quarter real personal consumption expenditures and real government expenditures have risen to 3.7% and 3.0% from 3.3% and 2.9%, respectively. Meanwhile, the nowcast for fourth-quarter real gross private domestic investment has been adjusted downward, from -0.4% to -0.8%," stated the Atlanta Fed.

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

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