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The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis.5.1%Third-Quarter GDPNow Estimate for 2026:Q3 Updated: September 17, 2026 Next update: September 25, 2026 *GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for...

American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Manufacturing isn’t the only sector that’s on a hiring spree; businesses across the board added 162,000 new jobs in August. Even The New York Times called the latest employment numbers “zesty.” The paper quoted T. Rowe Price’s chief US economist, Blerina Uruci: “It’s a very good report . . . And it perhaps shows that financial conditions more broadly are not that tight.” The workforce...

It might not reach the epic level of the 1975 “Thrilla in Manila” heavyweight boxing contest between Muhammad Ali and Joe Frazier, but the rematch is now official: Joe Biden, the president, against former president Donald Trump in November. And with that, the stark contrast between two opposing economic philosophies: the government-as-agent approach of Biden that has prevailed for the past three years and the populist, laissez faire, deregulatory ethos that comprised the Trump economic agenda from 2017 until COVID-19 intervened. Biden’s successes and failures are well known by now: the strong performance of the labor market, the better-than-expected economic...

A BIG episode today on Common Sense! Stephen Moore, Author of Trumponomics, joins us to discuss the attack on our economy by an external force! Then, my former Chief of Staff during 9/11, Tony Carbonetti, joins us later in the show to discuss the similarities and differences.

It was a little report, one you might easily have missed, from the people at Fidelity Investments: The number of people with more than a million dollars in their 401(k) is soaring. Bad news for the economics of envy. Fidelity says that the number of people at the end of the second quarter with a million dollars or more in their Fidelity 401(k) surged by 50,000 to 168,000, a 42% gain. Fidelity has 16.1 million 401(k) accounts under management, with an average balance of $104,000, up 6.4% from a year ago. "Individuals are increasing their savings rates, they're taking advantage...

Our economy is strong, as nearly every new release of economic data indicates. Industrial production is up. The unemployment rate is as low as it has been in two decades. Employment rates are growing and the disability rolls are shrinking. Measures of business confidence are bullish. Stocks are up. The economy has been growing, hitting 3 percent in some quarters. Inflation, meanwhile, remains low.Usually such good economic news redounds to the benefit of the political party in power. This rule probably applies today. Even though President Trump and Republicans are less popular than politicians presiding over robust economic expansions usually...

You’ve likely heard the spin lines and talking points from Obama loyalists claiming Barack Obama’s presidency netted the longest period of job growth in the last xyz years or maybe even “ever.” It’s a shame that people view things through shaded glasses and bias. In the case of this so-called “continued job growth,” we need to examine the claims and determine what has actually “grown.” At this point, we have more federal workers than ever before. More than 1.4 million people collecting government salaries according to the congressional budget. That’s a 10 percent jump from the time Obama took office....