GDPNow GDP Estimates

Three reductions in three business days, yet yields are shooting higher. :suspicious:


Second-Quarter GDP Growth Estimate Decreased

On July 1, the GDPNow model estimate for real GDP growth in the second quarter of 2024 is 1.7 percent, down from 2.2 percent on June 28.

GDPNow - Federal Reserve Bank of Atlanta
 
Interesting: The world is talking about a global economic slowdown, and the Atlanta Fed is raising growth estimates...


Third-Quarter GDP Growth Estimate Increased

On August 6, the GDPNow model estimate for real GDP growth in the third quarter of 2024 is 2.9 percent, up from 2.5 percent on August 1.

GDPNow - Federal Reserve Bank of Atlanta
 
Third-Quarter GDP Growth Estimate Increased

On September 17, the GDPNow model estimate for real GDP growth in the third quarter of 2024 is 3.0 percent, up from 2.5 percent on September 9.

GDPNow - Federal Reserve Bank of Atlanta

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Wow, 3% GDP and easing inflation? Why is the Fed cutting again?
 
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