The estimate was cut after today's durable goods report
From the Atlanta Fed:
"The forecast of third-quarter real equipment investment growth fell from 1.5 percent to 0.8 percent after this morning's advance durable manufacturing report from the U.S. Census Bureau. The forecast of third-quarter real investment residential growth, which now stands at -8.9 percent, declined by 1.3 percentage points on both September 22 and September 26 following the release of housing data on those dates."
The Atlanta Fed is forecasting growth at roughly the same levels as the economist consensus.
