From Merrill Lynch: Misses in construction spending and trade coupled with negative revisions to capex data sliced 0.3pp from 3Q GDP tracking this week, leaving us at 1.6% qoq saar. [Oct 11 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 2.0% for 2019:Q3 and 1.3% for 2019:Q4. […]
source https://thebtrader.com/2019/10/11/q3-gdp-forecast-just-under-2/?utm_source=rss&utm_medium=rss&utm_campaign=q3-gdp-forecast-just-under-2
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