Atlanta Fed: GDPNow estimate for real GDP growth in Q3 falls to 4%

Eren Sengezer FXStreet

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.0 percent on October 15, down from 4.2 percent on October 10," the Federal Reserve Bank of Atlanta said on Monday and added:

"After this morning's retail sales report from the U.S. Census Bureau, the nowcast of third-quarter real personal consumption expenditures growth fell from 3.6 percent to 3.3 percent."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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