Q4 GDP Forecasts: 0.7% to 2.0%

From Merrill Lynch The retail sales data nudged 3Q and 4Q GDP tracking a tenth lower to 2.1% and 1.5% qoq saar . [Dec 13 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.7% for 2019:Q4 and 0.8% for 2020:Q1. [Dec 13 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 2.0 percent on December 13, unchanged from December 6. [Dec 13 estimate] CR Note: These estimates suggest real GDP growth will be between 0.7% and 2.0% annualized in Q4....(read more)

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