Atlanta Fed GDPNow estimate falls to 1.3% from 1.4%
The Atlanta Fed GDPNow estimate for 3Q growth comes in at 1.3% vs. 1.4% on September 7.
In their own words:
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 1.3 percent on September 9, down from 1.4 percent on September 7. After this morning's wholesale trade report from the US Census Bureau, the nowcast of third-quarter real gross private domestic investment growth decreased from -5.8 percent to -6.1 percent."
