Q3 GDP Forecasts: Just Under 2%

From Merrill Lynch: These data edged down 3Q GDP tracking by a tenth to 1.7% qoq saar . [Oct 3 estimate] emphasis added From Goldman Sachs: We also lowered our Q3 GDP tracking estimate by one tenth to +1.9% (qoq ar). [Oct 3 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 2.0% for 2019:Q3 and 1.3% for 2019:Q4. [Oct 4 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.8 percent on October 4, unchanged from October 1. [Oct 4 estimate] CR Note: These......(read more)

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