Q3 GDP Forecasts: Moving Down

From Merrill Lynch: The data [today] sliced 0.8pp from 3Q GDP tracking, down to 1.7% . emphasis added From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.2 percent on September 15 , down from 3.0 percent on September 8. The forecasts of real consumer spending growth and real private fixed investment growth fell from 2.7 percent and 2.6 percent, respectively, to 2.0 percent and 1.4 percent, respectively, after this morning's retail sales release from the U.S. Census Bureau and this morning's report on......(read more)

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