US: Atlanta Fed GDPNow for Q3 stays unchanged at 0.3%
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According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 0.3% in the third quarter, unchanged from the previous estimate.
“After releases from the National Association of Realtors and the US Census Bureau, the nowcast of third-quarter gross private domestic investment growth decreased from -7.4% to -7.6%,” the Atlanta Fed further explained in its publication.
The US Dollar Index largely ignored this report and was last seen trading in negative territory below 114.00.
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