October 2024

3Q 2024 GDP Tracking ~ 3%+

Bank of America: Since our last weekly publication, our 3Q GDP tracking estimate increased by four-tenths to 3.0% q/q saar. [Oct 18th estimate] emphasis added Goldman Sachs: On net, we lowered our Q3 GDP tracking estimate by 0.1pp to +3.1% (quarter-over-quarter annualized). [Oct 17th estimate] Atlanta Federal Reserve: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) […]

3Q 2024 GDP Tracking ~ 3%+ Read More »

3Q2024 GDP Tracking ~3%

Bank of America: Since our last weekly publication, our 3Q GDP tracking estimate is unchanged at 2.6% q/q saar. [Oct. 11th estimate] Goldman Sachs: We left our Q3 GDP tracking estimate unchanged at +3.2% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast unchanged at +2.8%. [Oct. 8th estimate] Atlanta Federal Reserve: GDPNow The GDPNow model estimate for real

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