Some good news for the Fed before they start the FOMC meeting today ;-)
Q3 GDP lowered to 2.9% from 3.0% ann
CPI data lowered Q3 consumer spending growth to 3.0% from 3.1%
"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2016 is2.9 percent on September 20, down from 3.0 percent on September 15. The forecast of third-quarter real consumer spending growth ticked down from 3.1 percent to 3.0 percent after last Friday's Consumer Price Index release from the U.S. Bureau of Labor Statistics. The forecast of third-quarter real residential investment growth remained at -6.3 percent after this morning's housing starts release from the U.S. Census Bureau."
Atlanta Fed GDPNow
