| 2016-10-19 10:35:01|
10:35 10/19 10/19/16
Atlanta Fed's Q3 GDPNow estimate rose to 2.0%
Atlanta Fed's Q3 GDPNow estimate rose to 2.0% from 1.9% previously in a rare reversal higher. Accordingly: "The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is 2.0 percent on October 19, up from 1.9 percent on October 14. The forecast of third-quarter real federal government expenditures growth increased from -0.1 percent to 0.3 percent after Friday afternoon's Monthly Treasury Statement from the Bureau of the Fiscal Service." The next GDPNow update is Thursday, October 27. For more detail, see the Atlanta Fed's GDPNow website.