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From Atlanta Fed today, 2.9% SAAR in Q3:
Figure 1: GDP (bold black), WSJ July survey mean growth iterated on Q2 advance (teal), and GDPNow for Q3 growth iterated on Q2 advance (light blue square), all in bn Ch.2017$. Source: BEA 2024Q2 advance, WSJ survey, Atlanta Fed (8/6), and author’s calculations.Recall, that roughly a third of the components of the advance release GDP are estimated, hence the adjective “advance” (or in other countries, “flash”).For comparison, yesterday’s Goldman Sachs tracking estimate is at 2.6%.More By This Author:Recession Predictions From Six Months Ago Recession Indicator Sit-RepFed Funds Path As Of Noon ET
