Atlanta Fed: Q3 GDPNow estimate up to 2.5% - Breaking The News

Atlanta Fed: Q3 GDPNow estimate up to 2.5%

30 August

1 min read

EPA/MATTHEW CAVANAUGH

The Federal Reserve Bank of Atlanta announced on Friday in its GDPNow model prospects that the growth of real gross domestic product for the third quarter of 2024 in the United States is expected to stand at 2.5%, up from the 2.0% estimated on August 26.

Meanwhile, after the release of the country's Bureau of Economic Analysis report on personal consumption expenditures, the projections for the real gross private domestic investment growth increased from negative 2.4% to negative 0.1%.

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