Atlanta Fed GDPNow Sees US Q4 Growth Estimate to 2.4%, Up From Last Week
The Federal Reserve Bank of Atlanta's GDPNow model now estimates the seasonally-adjusted fourth quarter 2023 economic growth in the US at 2.4% Wednesday, up from 2.2% a week earlier.
Faster economic growth weakens the argument for aggressive interest rate cuts by the Federal Reserve, helping fuel the slide in US stocks.
Faster economic growth weakens the argument for aggressive interest rate cuts by the Federal Reserve, helping fuel the slide in US stocks.
The Atlanta Fed now sees fourth-quarter real personal consumption expenditures growth at 2.8%, up from 2.6% last week, according to its website. Fourth-quarter real gross private domestic investment growth is now at -0.7%, better than last week's -0.5% a week earlier.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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