by Calculated Risk on 8/16/2024 01:33:00 PM

From BofA:

We initiated our 3Q US GDP tracker with the July retail sales print. The 3Q GDP tracking estimate went up from our official forecast of 2.5% q/q saar to 2.6% q/q saar. [August 16th update]
emphasis addedFrom Goldman: We left our Q3 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast stands at +2.0%. [August 16th estimate]
And from the Altanta Fed: GDPNow 
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.0 percent on August 16th.

Keep reading this article on Bill McBride - Calculedriskblog.

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