mishtalk.com / Mike “Mish” Shedlock / September 30, 2016 12:54:31
Ladies and gentlemen we are approaching convergence.
The Atlanta Fed GDPNow estimate for 3rd quarter GDP estimate took a 0.4 percentage points dive to 2.4% following today’s consumer spending report.
Meanwhile, the FRBNY Nowcast estimate for 3rd quarter remained flat at 2.2%.
The post Convergence: GDPNow 3rd Quarter Estimate Dives to 2.4%, FRBNY Nowcast Remains 2.2% appeared first on Silver For The People.