Following this morning’s data, we left our Q4 GDP tracking estimate unchanged at 2.4% (quarter-over-quarter annualized) and our Q4 domestic final sales forecast unchanged at +2.3% [Dec 20th estimate]
emphasis added
And from the Atlanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.1 percent on December 20, down from 3.2 percent on December 18. After recent releases from the US Bureau of Economic Analysis and the National Association of Realtors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 3.3 percent and 1.3 percent, respectively, to 3.2 percent and 1.2 percent. [Dec 20th estimate]