Atlanta Fed Downgrades Q3 GDP to 3%

The U.S. economy is on track to grow at a 3.0 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday following the latest data on retail sales and government spending.

The latest third-quarter GDP estimate was lower than the 3.3 percent figure calculated on Sept. 9, the Atlanta Fed said on its website.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza