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Q3 Atlanta Fed GDP now cut to 4.4% from 5.0%

The latest tracking estimate from the Atlanta Fed ” After this morning’s data releases, the nowcasts of third-quarter real consumer spending growth and third-quarter real private fixed investment growth declined from 3.4 percent and 5.9 percent, respectively, to 2.9 percent and 4.2 percent, respectively,” the release said. That was somewhat offset by larger inventories.