FX.co ★ Atlanta Fed's GDPNow Indicator for First Quarter of 2024 Shows Slight Dip to 2.7%

The recent update from the Atlanta Federal Reserve's GDPNow forecasting model indicates a slight dip in the economic growth rate for the United States in the first quarter of 2024. The previous GDPNow indicator had reached 2.9%, but the latest data shows a revision down to 2.7%. This change was reported on the 24th of April, highlighting a small adjustment in the projected growth rate for the country's economy. While the decrease is marginal, it is essential to monitor these economic indicators as they provide insights into the overall health and performance of the economy. The Atlanta Fed's GDPNow serves as a valuable tool for analysts and policymakers to gauge the trajectory of economic growth and make informed decisions moving forward.