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US GDP forecast cut by the Atlanta Fed

Latest GDPNow growth estimate 2.1% vs 2.2% prior

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 2.1 percent on October 7, down from 2.2 percent on October 5. The forecast of the contribution of inventory investment to third-quarter real GDP growth fell from 0.28 percentage points to 0.24 percentage points after this morning's wholesale trade report from the U.S. Census Bureau. The forecast of real government spending growth fell from 0.1 percent to -0.1 percent following this morning's employment release from the U.S. Bureau of Labor Statistics."

The NY Fed have their own "Nowcast" model and it was unchanged at 2.2% for Q3 and raised to 1.3% from 1.2% for Q4 earlier.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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