{"id":4652,"date":"2023-10-23T16:02:50","date_gmt":"2023-10-23T16:02:50","guid":{"rendered":"https:\/\/borrowaccelerated.com\/investment\/what-to-expect-from-q3-2023-u-s-gdp-growth-numbers\/"},"modified":"2023-10-23T16:02:51","modified_gmt":"2023-10-23T16:02:51","slug":"what-to-expect-from-q3-2023-u-s-gdp-growth-numbers","status":"publish","type":"post","link":"https:\/\/borrowaccelerated.com\/?p=4652","title":{"rendered":"What To Expect From Q3 2023 U.S. GDP Growth Numbers"},"content":{"rendered":"<div>\n<p>The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta Federal Reserve\u2019s GDPNow suggest that annualized real GDP growth could come it an over 5% and professional economists see growth topping 3% after a trend of upward revisions in recent weeks. If even 3% forecasts hold, that would still be an impressive rate of growth for the U.S. economy compared to recent quarters.<\/p>\n<p>The October 26 GDP number will be the first of three progressively more accurate estimates for Q3 GDP Growth from the Bureau of Economic Analysis with revised estimated coming on November 29 and December 21. Subsequent revisions can adjust the advance estimate of GDP growth by half a percent up or down, on average.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Accelerating Growth<\/h2>\n<p>If estimates hold, then Q3 will mark a step-up in real annual GDP growth compared to growth of over 2% for the prior four quarters. Prior to that, the first half of 2022 did see GDP decline.<\/p>\n<p>If robust Q3 growth does hold, the Atlanta Fed\u2019s Nowcast suggest that it will be underpinned by strong growth in consumer spending, rebounding from relatively soft Q2 growth. Significant contributions may also come from net exports, which can be volatile quarter to quarter, as well as reasonable growth in private inventories.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">The Fed\u2019s Reaction<\/h2>\n<p>Given that robust Q3 growth is broadly expected, Q3 GDP numbers are unlikely to alter the perspective of the Fed or markets significantly. It is highly likely interest rates are held steady at the Fed\u2019s upcoming November 1 decision on short-term rates. Though another rate increase subsequently has not been ruled out by policymakers.<\/p>\n<p>The Fed\u2019s primary goal, for now, is cooling inflation. As such, if growth runs too hot that may actually be a concern for the Fed. That\u2019s because fast growth, as a signal of strong demand, may ultimately puts upward pressure on prices.<\/p>\n<p>The Fed is actually looking for economic growth to cool somewhat, otherwise they may elect to raise interest rates again over the coming months in order to help bring inflation closer to their 2% goal. However, the Fed is also hoping for a \u201csoft landing\u201d for the U.S. economy and, in that sense, sustained growth is welcome.<\/p>\n<p>The main question for markets now is what growth looks like into 2024. The inverted yield curve suggests that a 2024 recession is likely. That said, so far, current economic data such as employment has continued to hold up better than many expected. That\u2019s especially true after strong jobs data for September. That offset apparent jobs weakness over July and August.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Other Concerns<\/h2>\n<p>Despite probable good news on growth, the markets continue to watch events in the Middle East closely, which have continued to put upward pressure on energy prices over recent weeks. That\u2019s against a backdrop of generally rising oil prices since June.<\/p>\n<p>In addition, political concerns in Washington may weigh as the process for electing a Speaker of the House continues. Another government shutdown deadline approaches in mid-November, though as previously, a bipartisan solution may be found.<\/p>\n<p>Still, the major question is how the economy will perform into 2024. For now the sharp increase in interest rates hasn\u2019t led to the slowdown in economic growth that\u2019s occurred during many past interest rate cycles.<\/p>\n<p>It remains to be seen if this time will be different or if we\u2019ll see more of an impact on growth in 2024. There is a further risk now as longer term interest rates have risen relatively consistently since May 2023, reinforcing and extending the Fed\u2019s moves in raising shorter term rates.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/simonmoore\/2023\/10\/23\/what-to-expect-from-q3-gdp-growth\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":4653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-4652","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated<\/title>\n<meta name=\"description\" content=\"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/borrowaccelerated.com\/?p=4652\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated\" \/>\n<meta property=\"og:description\" content=\"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta\" \/>\n<meta property=\"og:url\" content=\"https:\/\/borrowaccelerated.com\/?p=4652\" \/>\n<meta property=\"og:site_name\" content=\"Borrow Accelerated\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T16:02:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-23T16:02:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/1698076970_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652#article\",\"isPartOf\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7\"},\"headline\":\"What To Expect From Q3 2023 U.S. GDP Growth Numbers\",\"datePublished\":\"2023-10-23T16:02:50+00:00\",\"dateModified\":\"2023-10-23T16:02:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652\"},\"wordCount\":621,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\"},\"articleSection\":[\"Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/borrowaccelerated.com\/?p=4652#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652\",\"url\":\"https:\/\/borrowaccelerated.com\/?p=4652\",\"name\":\"What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated\",\"isPartOf\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#website\"},\"datePublished\":\"2023-10-23T16:02:50+00:00\",\"dateModified\":\"2023-10-23T16:02:51+00:00\",\"description\":\"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta\",\"breadcrumb\":{\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/borrowaccelerated.com\/?p=4652\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/borrowaccelerated.com\/?p=4652#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/borrowaccelerated.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What To Expect From Q3 2023 U.S. GDP Growth Numbers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/borrowaccelerated.com\/#website\",\"url\":\"https:\/\/borrowaccelerated.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/borrowaccelerated.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/borrowaccelerated.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/borrowaccelerated.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/borrowaccelerated.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/borrowaccelerated.com\"],\"url\":\"https:\/\/borrowaccelerated.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated","description":"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/borrowaccelerated.com\/?p=4652","og_locale":"en_US","og_type":"article","og_title":"What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated","og_description":"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta","og_url":"https:\/\/borrowaccelerated.com\/?p=4652","og_site_name":"Borrow Accelerated","article_published_time":"2023-10-23T16:02:50+00:00","article_modified_time":"2023-10-23T16:02:51+00:00","og_image":[{"width":1350,"height":900,"url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/1698076970_0x0.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/borrowaccelerated.com\/?p=4652#article","isPartOf":{"@id":"https:\/\/borrowaccelerated.com\/?p=4652"},"author":{"name":"Press Room","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7"},"headline":"What To Expect From Q3 2023 U.S. GDP Growth Numbers","datePublished":"2023-10-23T16:02:50+00:00","dateModified":"2023-10-23T16:02:51+00:00","mainEntityOfPage":{"@id":"https:\/\/borrowaccelerated.com\/?p=4652"},"wordCount":621,"commentCount":0,"publisher":{"@id":"https:\/\/borrowaccelerated.com\/#organization"},"articleSection":["Investment"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/borrowaccelerated.com\/?p=4652#respond"]}]},{"@type":"WebPage","@id":"https:\/\/borrowaccelerated.com\/?p=4652","url":"https:\/\/borrowaccelerated.com\/?p=4652","name":"What To Expect From Q3 2023 U.S. GDP Growth Numbers | Borrow Accelerated","isPartOf":{"@id":"https:\/\/borrowaccelerated.com\/#website"},"datePublished":"2023-10-23T16:02:50+00:00","dateModified":"2023-10-23T16:02:51+00:00","description":"The advance estimate of Q3 Gross Domestic Product growth for the U.S. economy will be announced at 8.30am E.T. on October 26. Nowcasts from the Atlanta","breadcrumb":{"@id":"https:\/\/borrowaccelerated.com\/?p=4652#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/borrowaccelerated.com\/?p=4652"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/borrowaccelerated.com\/?p=4652#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/borrowaccelerated.com\/"},{"@type":"ListItem","position":2,"name":"What To Expect From Q3 2023 U.S. GDP Growth Numbers"}]},{"@type":"WebSite","@id":"https:\/\/borrowaccelerated.com\/#website","url":"https:\/\/borrowaccelerated.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/borrowaccelerated.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/borrowaccelerated.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/borrowaccelerated.com\/#organization","name":"Fintech Advance","url":"https:\/\/borrowaccelerated.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/","url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/borrowaccelerated.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/2a1a980ef2ecf845cc4c153d880d7fc7","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/borrowaccelerated.com\/#\/schema\/person\/image\/","url":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/borrowaccelerated.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/borrowaccelerated.com"],"url":"https:\/\/borrowaccelerated.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/4652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4652"}],"version-history":[{"count":1,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/4652\/revisions"}],"predecessor-version":[{"id":4654,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/posts\/4652\/revisions\/4654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=\/wp\/v2\/media\/4653"}],"wp:attachment":[{"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/borrowaccelerated.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}