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GDP Now Takes Q4 Forecast Down To 0.3 Percent From 1.0 Percent

Summary:
The Atlanta Fed’s GDPNow dropped its forecast of Q4 growth to just 0.3% from 1.0 percent. The New York Fed’s GDP Nowcast is showing a gain of 0.4%. Today’s two economic releases indicating lackluster retail sales, consumers purchases of big-ticket items disappointed, and a dismal -0.8 percent industrial production print for October were largely responsible for GDP forecast revisions. Share this:Like this:Like Loading...

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The Atlanta Fed’s GDPNow dropped its forecast of Q4 growth to just 0.3% from 1.0 percent. The New York Fed’s GDP Nowcast is showing a gain of 0.4%.

Today’s two economic releases indicating lackluster retail sales, consumers purchases of big-ticket items disappointed, and a dismal -0.8 percent industrial production print for October were largely responsible for GDP forecast revisions.

GDP Now Takes Q4 Forecast Down To 0.3 Percent From 1.0 Percent

GDP Now Takes Q4 Forecast Down To 0.3 Percent From 1.0 Percent

Gregor Samsa
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