Atlanta Fed Raises Q3 US GDP Growth Forecast to 3.4%

The GDPNow model's latest projection marks an increase from the prior 3.1% estimate for the third quarter.

Summary

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Terms & Concepts
  • GDPNow: A real-time economic model developed by the Federal Reserve Bank of Atlanta that estimates current quarter GDP growth based on available economic data.
  • GDP Growth: The rate at which a nation's gross domestic product increases over a specified period, reflecting the economy's overall expansion.