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Atlanta Fed GDPNow Holds At 5.4% Ahead Of Tomorrow's Q3 GDP

US DATA
  • Atlanta Fed GDPNow unrevised at 5.4% for Q3 from its Oct 18 update.
  • It comes ahead of tomorrow's national accounts advance release for Q3, with Bloomberg consensus for real GDP growth of 4.5% annualized.
  • Recall that the GDPNow was correctly more optimistic than analysts ahead of the Q2 advance three months ago. That said, either would mark a sharp acceleration from the 2.1% seen in Q2.

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