The Atlanta Fed GDP model forecast fell from 3.2 percentage points to 2.3 percentage points. 
The final GDPNow Estimate for the Fourth Quarter of 2024 is 2.3 percent as of January 29, 2025.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.3 percent on January 29, down from 3.2 percent on January 28.
After this morning’s Advance Economic Indicators release from the US Census Bureau, the nowcast of fourth-quarter real gross private domestic investment growth decreased from 0.1 percent to -0.9 percent, while the nowcast of the contribution of net exports to fourth-quarter real GDP growth fell from 0.10 percentage points to -0.61 percentage points.
New Trade Deficit Record
Earlier today I commented Imports Surge 3.9 Percent Exports Plunge 4.5 Percent, New Trade Deficit Record
Today’s trade report will have Trump howling.
I am not surprised by this decline in expected growth rate. But 2.3 percent is still a solid number. Real final sales is an even higher 2.8 percent.
We will see what happens with a myriad of Trump policies including immigration, tariffs, regulations, deficits and interest rates.
2025 rates to be a totally different ball game on many fronts than the last four years.
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“But 2.3 percent is still a solid number. Real final sales is an even higher 2.8 percent.”
But remember, this 2.3% is a result of a government borrowing and spending $2 Trillion dollars. What is the actual economy creating, on its own? A lot less. So,without massive fiscal stimulus, what kind of economy do we really have?
Exactly. Proves that money printing and interest rate repression do more harm than good and the Republican and Democrat Congress and Federal Reserve are putting the country in a deep hole with these policies.
In economic theory low interest rates set “artificially” (not by the broad, general market) are a result of control by an artificial, narrow (more) fascist oligarchy.
(Fascist classically defined as government “using” capitalism for it control of an economy)…see John Flynn…”As We Go Marching”).
This is the political/economic hand Trump is dealt. If and until he can change it.. A big order and not likely to happen – much less in 4 years and without much economic strife for all.
Trump is stuck with the hand he was dealt. Let’s hope he can build a new casino and be the dealer. This time, to stave off bankruptcy instead of leveraging bankruptcy.
Problem is….half the nation won’t even go into his new casino, much less place a bet and play.
Biden had 4 years to fix the effects of trillions in stimulus and free money. He was totally not up to the job. Why would you turn off the stimulus and free money? The man is addled!
Drawdown first to cleanse the zombies before taking off
No matter what happens now, it’s Trump’s economy. He owns it all from here until he leaves office. 100% of the praise and blame goes to Trump.
In other words, we should hold him accountable for his actions and words just like we did with the prior Presidents of the USA. Guessing your downvotes come from people who consider Grover Norquist and Karl Rove to be the greatest conservative heroes of their lifetime.
On another thread I counted “Biden” at least a half dozen times, he’s long gone now. Same for Obama but people here keep living in the past, I guess that’s just part of the “conservative” mindset to get stuck in the past unable to move forward.
Profits over politics is my new creed.
Biden apparently murdered Emperor Soros… haven’t seen him on here in a while. Guess I’ll never get to borrow that Grey Poupon.
Down votes more likely from those who disagree the previous 4 years are the immediate responsibility of the next Administration. As months go on, more and more responsibility falls on Trump and his policies. As one wise man once said, governments don’t import and export; businesses do.
Biden’s term was all Biden’s fault though, because the gays are coming for your children.
Replacing Alejandro Mayorkas with Kristi Noem makes it all worth it. He’ll have a good replacement for Sotomayor, too. Some hot blonde with a rack. I’m talking natural, not like Rachel Levine.
And two conservatives to retire. Pretty great.
She has delightful sweater puppies.
Not a very good day for your puts
Yes after 9 days it’s all his. This makes sense if you are retarded.
Sorry boo boo. Golden Age was cancelled because you guys didn’t show enough faith. We hardly made anything off $meliana, and we have a warehouse full of those stupid basketball shoes.
You can’t hold out on your cult and expect it to thrive. Do you have any money all? Room on your credit cards? Then you aren’t giving your all, and caused the Golden Age to fail. Proud of yourself?
Untrue. He declared “I’m not responsible for anything” during the first term, so he can’t be held to any of that.
If that doesn’t convince you, think about Drag Queen Story Time, and your questions will vanish.
MPO – I’m going to go way out on a limb here to predict:
Right-leaning news source and good economic news: Trump gets the benefit
Right-leaning news source and bad economic news: Biden’s fault
Left-leaning news source and good economic news: Biden gets the benefit
Left-leaning news source and bad economic news: Trump’s fault
Rinse and repeat x^10 times over the next 3.9 years.