Atlanta Fed GDPNow dips to 3.9% from 4.0%

Back below 4%

The Atlanta Fed is out with their latest estimate for US 3Q GDP.

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.9 percent on October 17, down from 4.0 percent on October 15. On October 16, the nowcast of third-quarter real government expenditures growth fell from 2.1 percent to 1.3 percent after the U.S. Department of the Treasury and its Bureau of the Fiscal Service released the Monthly Treasury Statement during the afternoon of the previous day.

The next report will be released on October 25th