The latest GDPNow forecast
The Atlanta Fed lowered its third quarter tracking estimate to 2.2% from 2.4% after today's construction spending report.
"After this morning's construction spending report from the U.S. Census Bureau, the forecast of third-quarter real nonresidential structures investment growth fell from 8.4 percent to 4.7 percent and the forecast of third-quarter real government spending growth declined from 0.8 percent to 0.1 percent," the Atlanta Fed said.
