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The Atlanta Fed model for Q3 growth remained elevated at 4.9% after the data released today.

In their own words:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 4.9 percent on October 5, unchanged from October 2 after rounding. After recent releases from the US Census Bureau, the Bureau of Economic Analysis, and the Institute for Supply Management, a decrease in the nowcast of third-quarter real personal consumption expenditures growth from 3.8 percent to 3.7 percent was offset by an increase in the nowcast of third-quarter real gross private domestic investment growth from 5.4 percent to 5.9 percent.

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Atlanta for GDP now Q3 growth estimate at 4.9%

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