Central Banks

The Atlanta Fed GDPNow tracker for 3Q growth 1.7% versus 1.8% last

Dips to 1.7% from the prior report

The Atlanta Fed has updated its GDP tracker for third-quarter growth and now sees GDP at 1.7% versus 1.8% from it’s last report. 

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.7 percent on October 9, down from 1.8 percent on October 4. After this morning’s wholesale trade report from the U.S. Census Bureau, the nowcast of the contribution of inventory investment to third-quarter real GDP growth decreased from 0.12 percentage points to 0.01 percentage points.

The next report will be on October 16.

ForexLive

Articles You May Like

LIVE Forex Trading – NY Session 15th October 2019
Winning MACD Day Trading Strategies | Most Effective Ways To Trade With MACD Indicator
My Divergence Trading Strategy Explained (LIVE Forex Trade)
Brexit: DUP deputy warns that Boris Johnson’s Brexit deal “cannot work”
Profitable Forex Trading Strategy: How to Trade Trendline Breakouts 📈💰

Leave a Reply

Your email address will not be published. Required fields are marked *