We’re ticking down to the first release of Q3 GDP and so these numbers are worth tuning into and so far, they’re impressive. The latest shift is to 3.4% from 3.2%.
After recent releases from the US Census Bureau, the US Bureau of Labor
Statistics, and the Federal Reserve Board of Governors, the nowcast of
third-quarter real personal consumption expenditures growth increased
from 3.3 percent to 3.6 percent, while the nowcast of third-quarter real
gross private domestic investment growth decreased from 3.3 percent to
3.1 percent.
This article was written by Adam Button at www.forexlive.com.
