Atlanta Fed: GDPNow estimate for real GDP growth in Q3 edges down to 3.9%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.9 percent on October 17, down from 4.0 percent on October 15. On October 16," the Federal Reserve Bank of Atlanta announced on Wednesday.

"The nowcast of third-quarter real government expenditures growth fell from 2.1 percent to 1.3 percent after the U.S. Department of the Treasury and its Bureau of the Fiscal Service released the Monthly Treasury Statement during the afternoon of the previous day."