US Economy Expected To Grow 2.5% In Q1: Not 'A Hard Landing And Hardly A Soft One' [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
2024, set for this Thursday, ahead of the highly anticipated Personal Consumption Expenditure (PCE) price index report – the Fed's preferred inflation gauge – on Friday. The U.S. economy showed a robust 3.4% growth rate in the last quarter of 2023, following another spectacular 4.9% growth in the third quarter, according to the final estimates from the Bureau of Economic Analysis. Q1 2024 GDP: What Do Economists Expect? Wall Street analysts are forecasting a deceleration in growth, with expectations set around a 2.5% increase in GDP, adjusted annually, from the previous quarter. “That would be the seventh consecutive solid reading for real GDP. That certainly isn't a hard landing and hardly a soft one,” veteran investor Ed Yardeni commented in a note. Among key GDP components, real consumer spending is predicted to advance at a 2.8% pace in Q1 2024, slowing down from the 3.3% in the fourth quarter of 2023. The Atlanta Fed GDPNow forecasts a 2.9% surge. The model suggests tha
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Earnings
- 4/15/24 - Beat
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Sec Filings
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- GS's page on the SEC website