The Atlanta Fed GDPNow estimate for Q1 development stay unchanged at 2.9% after the info dump this morning. In their very own phrases:
The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual charge) within the first quarter of 2024 is 2.9 p.c on February 16, unchanged from February 15. After this morning’s Producer Value Index launch from the US Bureau of Labor Statistics and this morning’s housing begins report from the US Census Bureau, the nowcast of first-quarter actual gross personal home funding development elevated from 2.4 p.c to 2.5 p.c.
The subsequent GDPNow replace will not be till Tuesday, February 27.
This text was written by Greg Michalowski at www.forexlive.com.
