Weaker data today hurts GDP model forecast for the 4Q
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is on December 2, down from 1.7 percent on November 27. After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and
Search Web: Atlanta Fed GDPNow estimate cut to 1.3% from 1.7%
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