Trade Deficit Drops to Least Terrible Level Since 2009, upon Which Atlanta Fed GDPNow Doubles Q4 GDP Forecast to +5.4%

Atlanta Fed Nearly Doubles Q4 Growth Estimate to 5.4 Percent After Strong Data

U.S. economic growth prospects received a fresh boost this week as the Atlanta Federal Reserve nearly doubled its estimate for fourth-quarter output after a raft of strong data, while Fitch Ratings lifted its projections for full-year 2025 and 2026 growth after delayed government releases showed firmer economic momentum. The Atlanta Fed’s closely watched GDPNow model lifted its estimate of fourth-quarter real gross domestic product (GDP) growth …

Atlanta Fed Nearly Doubles Q4 Growth Estimate To 5.4% After Strong Data

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Trade Deficit Drops to Least Terrible Level since 2009, upon which Atlanta Fed GDPNow Doubles Q4 GDP Forecast to +5.4%

The GDPNow algo is to be taken with a teaspoon of salt, but it shows that a big improvement of the trade deficit pushes up GDP growth.