New York Fed Q3 GDP Nowcast slips to 2.58% from 2.83%

GDP forecast trimmed

It's still early in the quarter. We don't get the preliminary reading on Q3 until October.

"Negative surprises from exports and imports data and from the ISM surveys accounted for most of the decrease," the NY Fed said.

Also note that their final Q2 forecast of 2.78% was far from the first government estimate of 4.1%.