It’s still very early in the quarter to be forecasting GDP.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.4 percent
on August 15, down from 2.9 percent on August 8. After recent releases
from the Treasury’s Bureau of the Fiscal Service, the US Census Bureau,
the US Bureau of Labor Statistics, and the Federal Reserve Board of
Governors, the nowcast of third-quarter real gross private domestic
investment growth decreased from 2.8 percent to 0.0 percent.
This article was written by Adam Button at www.forexlive.com.
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