{"id":2507,"date":"2024-10-20T13:03:58","date_gmt":"2024-10-20T17:03:58","guid":{"rendered":"https:\/\/blog.markkirkwood.com\/?p=2507"},"modified":"2024-10-20T13:06:12","modified_gmt":"2024-10-20T17:06:12","slug":"3rd-quarter-gdp-tracking-just-over-3","status":"publish","type":"post","link":"https:\/\/blog.markkirkwood.com\/?p=2507","title":{"rendered":"3Q 2024 GDP Tracking ~ 3%+"},"content":{"rendered":"
\n
\n

Bank of America:<\/p>\n

Since our last weekly publication, our\u00a03Q GDP tracking estimate<\/b>\u00a0increased by four-tenths to\u00a03.0% q\/q saar<\/b>. [Oct 18th estimate]
\nemphasis added<\/p><\/blockquote>\n

Goldman Sachs:<\/p>\n

On net, we lowered our Q3 GDP tracking estimate by 0.1pp to\u00a0+3.1% (quarter-over-quarter annualized).<\/b>\u00a0[Oct 17th estimate]<\/p><\/blockquote>\n

Atlanta Federal Reserve: GDPNow<\/a><\/p>\n

The GDPNow model estimate for\u00a0real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.4 percent<\/b>\u00a0on October 18, unchanged from October 17 after rounding. After this morning’s housing starts report from the US Census Bureau, the nowcast of third-quarter real residential investment growth increased from -10.1 percent to -9.8 percent. [Oct 18th estimate]<\/p><\/blockquote>\n<\/div>\n

Posted by Axis <\/span>on: 10\/20\/2024 12:54:00 PM<\/abbr><\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bank of America: Since our last weekly publication, our\u00a03Q GDP tracking estimate\u00a0increased by four-tenths to\u00a03.0% q\/q saar. [Oct 18th estimate] emphasis added Goldman Sachs: On net, we lowered our Q3 GDP tracking estimate by 0.1pp to\u00a0+3.1% (quarter-over-quarter annualized).\u00a0[Oct 17th estimate] Atlanta Federal Reserve: GDPNow The GDPNow model estimate for\u00a0real GDP growth (seasonally adjusted annual rate) […]<\/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-2507","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2507","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=2507"}],"version-history":[{"count":3,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2507\/revisions"}],"predecessor-version":[{"id":2510,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2507\/revisions\/2510"}],"wp:attachment":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}