While it's no longer the sheer lunacy from a few weeks ago, when the Atlanta Fed's GDPNow was "tracking" Q3 US GDP at an idiotic 5.9%, and as of this morning the regional Fed has slashed its GDP goalseek-o-tron to a still laughable if somewhat more believable 4.9%...
On September 14, the #GDPNow model nowcast of real GDP growth in Q3 2023 is 4.9%. https://t.co/T7FoDdgYos #ATLFedResearch— Atlanta Fed (@AtlantaFed) September 14, 2023
Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMl7Jms pic.twitter.com/tHObX49heh
... the reality is that no matter what Q3 GDP is - and the quarter will be over in two weeks - a much more important question for the Biden admin and 300+ million Americans is what happens in the year's final quarter.