Following retail sales and PPI data the cuts to GDP are coming thick and fast
- BAML cuts its Q3 GDP tracker to 1.3% from 1.7%
- BNP cut theirs to 2.3% from 2.5%
- Goldman Sachs cut theirs to 1.2% vs 1.5% prior
For interest rates, Fed funds futures now price a rate hike chance at 6% for the Oct FOMC, down from 8%. Dec is now a 30.4% chance vs 39.3% yesterday
The Atlanta Fed's GDP now gets updated sometime soon today and stood at 1.0% as of Oct 9th. That was down from 1.1% three days prior
Anyone would think growth is going end up flat on its face suddenly
