by Calculated Risk on 4/05/2024 03:10:00 PM
From BofA:
Since our update last week, 1Q GDP tracking is down two-tenths to 2.0% q/q saar. Also, 4Q GDP came in at 3.4% q/q saar in the third and final estimate, close to our 3.5% forecast. [Apr 5th estimate]
emphasis added
From Goldman:
The details of the trade balance report were somewhat firmer than our previous expectations, and we boosted our Q1 GDP tracking estimate by 0.2pp to +2.5%. [Apr 4th estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.5 percent on April 4, down from 2.8 percent on April 1. [April 4th estimate]