Atlanta Fed GDP is now 3.0% vs. 3.1% previously

We are counting down the final days of the second quarter but we are still far from the first reading on GDP. However, the tracking numbers from the Atlanta Fed are strong at the moment and this could keep the Fed on the sidelines in September.

The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.0 percent on June 20, down from 3.1 percent on June 18. Real private GDP growth in the second quarter fell from 8.8 percent to 8.3 percent.

The next update to the GDP reading will not be released until next Thursday and the final reading will come on July 24.

This article was written by Adam Paton at www.forexlive.com.