at Calculated Risk on 12/06/2024 02:35:00 PM
From BofA:
Since our last weekly publication, our 3Q GDP tracking estimate has moved up a tenth to 2.9% q/q saar from the second official print of 2.8% q/q saar. Additionally, we initiated our 4Q US GDP tracker on Nov 15th with the October retail sales print. Since then, our 4Q US GDP tracker has gone up one-tenth from our official forecast of 2.0% to 2.1%. [Dec 6th estimate]
emphasis added
From Goldman:
We left our Q4 GDP tracking and domestic final sales estimates unchanged at +2.4% and +2.0%, respectively. [Dec 5th estimate]
And from the Atlanta Fed: GDPNow
The GDPNow model estimates for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent on December 5up from 3.2 percent on December 2. After recent releases from the US Census Bureau, the Institute for Supply Management, and the US Bureau of Economic Analysis, the nowcast of fourth-quarter real gross private domestic investment growth increased from 1.2 percent to 1.8 percent. [Dec 5th estimate]