Definition
A running estimate of the current quarter's growth from the Federal Reserve Bank of Atlanta, updated as new data arrives.
The story
Official GDP (gross domestic product) numbers come out weeks after a quarter ends. GDPNow plugs each new release, from retail sales to trade, into a model and updates its estimate several times a month. The Atlanta Fed stresses it's a model estimate, not an official forecast from the Fed.
Why markets watch it
It gives markets a live read on growth between official reports.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms