Atlanta Fed: GDPNow estimate for real GDP growth in Q3 edges down to 3.8%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.6 percent on September 28, down from 3.8 percent on September 27," the Federal Reserve Bank of Atlanta announced today.

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.6 percent on September 28,The nowcast of third-quarter real personal consumption expenditures growth decreased from 3.7 percent to 3.5 percent after this morning’s personal income and outlays release from the U.S. Bureau of Economic Analysis.down from 3.8 percent on September 27," the bank explained in its publication.