Expectations Gap on US Q3 GDP

The Atlanta Fed GDP Now forecast is well below the street consensus for Q3 GDP (see chart below).  The Atlanta Fed model updates its' forecast as real economic data is released.  Currently there is a pretty big gap between the median street forecast (2.7%) and the Atlanta Fed forecast (1.3%).

Full detail here:  https://www.frbatlanta.org/cqer/research/gdpnow.aspx

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