The latest data from the Atlanta Federal Reserve's GDPNow model reveals a slight upward adjustment in the projected economic growth rate for the fourth quarter of 2024. The current indicator has increased to 3.2%, from the previous 3.0% reported earlier in the same quarter. This updated information was made available on January 28, 2025.
Market analysts are likely to view this minor rise as a positive signal, suggesting a slightly stronger economic performance than previously anticipated. The GDPNow model, known for its real-time forecasting, offers an invaluable tool for observing economic momentum, and this latest shift, although modest, may reflect underlying growth dynamics in the U.S. economy.
As financial markets digest this information, stakeholders will be keen to see if this slight growth uptick is indicative of a broader trend or a transient fluctuation, pending release of further economic data. For now, the GDPNow's revised figure offers a cautiously optimistic view of the economic landscape for the end of 2024.