– Q3 GDP Jumps 2.9% On Rise In Inventory And Exports, Offset By Weak Consumption And Investment:
For once it appears that the Atlanta Fed, with its 2.1% Q3 GDP nowcast was overly pessimistic, and moments ago the BEA reported that in the third quarter, US GDP increased at an annual rate of 2.9% according to the first “advance” estimate released up more than double from the Q2 real GDP of 1.4%, and beating Wall Street consensus of a 2.6% rise in the quarter.
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