{"id":2491,"date":"2024-10-13T08:00:33","date_gmt":"2024-10-13T12:00:33","guid":{"rendered":"https:\/\/blog.markkirkwood.com\/?p=2491"},"modified":"2024-10-13T09:12:01","modified_gmt":"2024-10-13T13:12:01","slug":"3q2024-gdp-tracking-3","status":"publish","type":"post","link":"https:\/\/blog.markkirkwood.com\/?p=2491","title":{"rendered":"3Q2024 GDP Tracking ~3%"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Bank of America:<\/span><\/p>\n<blockquote><p><span class=\"s2\">Since our last weekly publication, our\u00a0<b>3Q GDP tracking estimate is unchanged at 2.6% q\/q saar<\/b>.<\/span><\/p>\n<p><span class=\"s2\">[Oct. 11th estimate]<\/span><\/p><\/blockquote>\n<p><span class=\"s1\">Goldman Sachs:<\/span><\/p>\n<blockquote><p><span class=\"s2\">We left our\u00a0<b>Q3 GDP tracking estimate unchanged at +3.2% (quarter-over-quarter annualized)<\/b> and our Q3 domestic final sales forecast unchanged at +2.8%.<\/span><\/p>\n<p><span class=\"s2\">[Oct. 8th estimate]<\/span><\/p><\/blockquote>\n<p><span class=\"s1\">Atlanta Federal Reserve:\u00a0<a href=\"https:\/\/www.atlantafed.org\/cqer\/research\/gdpnow\"><span class=\"s3\">GDPNow<\/span><\/a><\/span><\/p>\n<blockquote><p><span class=\"s2\">The GDPNow model estimate for\u00a0<b>real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.2 percent<\/b> on October 9, unchanged from October 8 after rounding. After this morning&#8217;s wholesale trade release from the US Census Bureau, the nowcast of third-quarter real gross private domestic investment growth decreased from 3.4 percent to 3.3 percent.<\/span><\/p>\n<p><span class=\"s2\">[Oct. 9th estimate]<\/span><\/p><\/blockquote>\n<p><span class=\"s4\">Posted by Axis on 10\/11\/2024<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America: Since our last weekly publication, our\u00a03Q GDP tracking estimate is unchanged at 2.6% q\/q saar. [Oct. 11th estimate] Goldman Sachs: We left our\u00a0Q3 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:\u00a0GDPNow The GDPNow model estimate for\u00a0real [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2491","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2491"}],"version-history":[{"count":2,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2491\/revisions"}],"predecessor-version":[{"id":2493,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2491\/revisions\/2493"}],"wp:attachment":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}