Atlanta Fed's GDPNow estimate predicts 2.1% progress in This autumn 2023

The Atlanta Fed This autumn estimate for GDP is available in at 2.1%, up from 2.0% on November 17. The index has fluctuated between 1.2% and a pair of.3%.

In their very own phrases:

The GDPNow mannequin estimate for actual GDP progress (seasonally adjusted annual fee) within the fourth quarter of 2023 is 2.1 p.c on November 22, up from 2.0 p.c on November 17. After current releases from the US Census Bureau and the Nationwide Affiliation of Realtors, the nowcast of fourth-quarter actual gross non-public home funding progress elevated from -1.8 p.c to -1.1 p.c.

The subsequent GDP now replace is Thursday, November 30

This text was written by Greg Michalowski at www.forexlive.com.