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Atlanta Fed Q3 GDP forecast at 0.9%

Discussion in 'Market News' started by ForexLive, Oct 21, 2015.

  1. ForexLive

    ForexLive Forum Member

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    No change from previous tracking estimate The Atlanta Fed updated its GDPNow tracking estimate but still sees 0.9% growth in Q3. "The model's nowcasts of real consumer spending and real government spending in the third quarter fell slightly following last Thursday's Monthly Treasury Statement and Consumer Price Index release (from the U.S. Bureau of Labor Statistics). This was mostly offset by an increase in the nowcast of motor vehicle and parts dealer inventories after Friday's industrial production release from the Federal Reserve Board," the .

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