Atlanta Fed GDPNow remains steady at 3.5%. Tomorrow will be the last estimate for the 4Q.

The Atlanta Fed GDPNow model projects the fourth-quarter GDP at 3.5%. That is unchanged from the yesterday's estimate. In their own words:

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 3.5 percent on January 19, unchanged from January 18 after rounding. After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter real residential investment growth increased from -24.6 percent to -24.0 percent."

The next report will come out tomorrow after the existing home sales data. It will also be the last estimate before the 4Q GDP Advanced estimate is released on Thursday next week. Estimates from economist are around 2.8%.

The first Atlanta GDPNow estimate for Q1 will be released on January 27

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term