Us Gdp 2024 Q1. The gdpnow model estimate for real gdp growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on august 8, unchanged from august 6 after rounding. Gross domestic product increased at a 1.6% annualized rate last quarter, the commerce department said in its advance estimate on thursday.
The personal consumption expenditures price index, a key inflation variable for the federal reserve, rose at a 3.4% annualized pace for the quarter, its biggest gain in a year. Gross domestic product increased at a 1.6% annualized rate last quarter, the commerce department said in its advance estimate on thursday.