New York Fed GDP Nowcast cut to 2.0% from 2.4%

Differing views

The New York Fed cut its Q3 forecast to 2.0% from 2.4% this week. The report said the decline was due to "the negative impact of higher than expected manufacturers' inventories."

Meanwhile the Atlanta Fed now sees 4.6% GDP compared to 4.3% previously.

We're still a couple months away from the first look at Q3, so rest assured, all of it will be sorted out.