Goldman Sachs bumped up their GDP forecast to 1.7% however the Atlanta Fed has lowered its tracker to three.0% from 3.5%.
After this morning’s releases from the US Census Bureau and the
Institute for Provide Administration, the nowcasts for third-quarter actual
private consumption expenditures progress and actual gross personal home
funding progress declined from 2.3 p.c and 6.1 p.c,
respectively, to 1.7 p.c and 5.3 p.c. These declines have been
partially offset by a rise within the nowcast of the contribution of
stock funding to third-quarter actual GDP progress from 0.59
proportion factors to 0.69 proportion factors.
This text was written by Adam Button at investinglive.com.
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