Model dips after details of retail sales today

The Atlanta Fed GDPnow estimate for third-quarter growth has dipped to 3.6% from 3.7% after today's retail trade report the residential investment component was a negative influence as was exports.

The high watermark for the models estimate came in at 6.2% back on August 17. The 3.6% level today is tied with other levels from September 13 and September 14.

Model dips after details of retail sales today_