Atlanta Fed GDPNow Q3 tracker lowered to 1.8% from 2.1%


Atlanta Fed GDPNow cut

  • Prior forecast was Sept 27

From the report:

After this morning’s Manufacturing ISM Report On Business from the
Institute for Supply Management and the construction spending report
from the U.S. Census Bureau, the nowcasts of third-quarter real personal
consumption expenditures growth and third-quarter real private
fixed-investment growth decreased from 2.6 percent and 2.8 percent,
respectively, to 2.5 percent and 1.1 percent, respectively.

The market is acting like the US is headed straight into a recession today.

Tomorrow we get US ADP employment data.


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