US GDP will be released tomorrow at 8:30 AM ET
The Atlanta Fed is in with their final estimate for 2Q GDP growth. They lowered that estiate to 3.8% from 4.5% last week. The 2Q GDP in the US will be released tomorrow at 8:30 AM ET.
In their own words:
The final GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on July 26, down from 4.5 percent on July 18. After this morning's advance releases on durable manufacturing, private inventories, and foreign trade in goods from the U.S. Census Bureau, the nowcasts of the contributions of inventory investment and net exports to second-quarter real GDP growth declined from 0.72 percentage points and 0.32 percentage points, respectively, to 0.58 percentage points and -0.10 percentage points.
As Adam reported, the concensus is 4.2%. The Trump rumors put it at 4.8%. Morgan Stanley sees 4.7% growth
