Atlanta Fed GDPNow Q4 tracker lowered to 2.7% from 2.9%

Author: Adam Button | Category: News

Growth estimate from the Atlanta Fed

"The nowcast of fourth-quarter real personal consumption expenditures growth decreased from 4.1 percent to 3.7 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis," the release said.

We just got the final reading on Q3 GDP today and it was cut to 3.4% from 3.5% so it will be a long time before we're done with revisions to Q4.
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