Atlanta Fed Q3 GDPNow 3.3% vs 3.4% prior

The Atlanta Fed GDPNow tracker for Q2 was trimmed to 3.3% from 3.4% today. The economist consensus for Wednesday’s advanced report is 3.0%.

After recent releases from the US Census Bureau and the National
Association of Realtors, the nowcast of third-quarter real gross private
domestic investment growth decreased from 3.2 percent to 2.7 percent.

That’s some good growth but yesterday I wrote about the important question: What would it look like without deficits near 7% of GDP?

This article was written by Adam Button at www.forexlive.com.