Tracking estimate from Atlanta Fed lowered
What's interesting to note is that the data they have incorporated barely includes the effects of Harvey and Irma so there should be more downgrades to come.
"The forecasts of real consumer spending growth and real private fixed investment growth fell from 2.7 percent and 2.6 percent, respectively, to 2.0 percent and 1.4 percent, respectively, after this morning's retail sales release from the U.S. Census Bureau and this morning's report on industrial production and capacity utilization from the Federal Reserve Board of Governors," the Atlanta Fed said in the release.
