Atlanta Fed GDP now estimate for 3Q growth
The Atlanta Fed GDPNow 3Q tracker came in at 0.3% vs. 0.5% . That is the low water mark for the 3Q model projections.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.3 percent on September 20, down from 0.5 percent on September 15. After this morning's housing starts report from the US Census Bureau, the nowcast of third-quarter residential investment growth decreased from -20.8 percent to -24.5 percent.
