Q3 GDP Revised to 3.2%

This morning, the government revised downward its estimates for Q3 GDP growth from 3.3% to 3.2%. Not a big change.

The good news is that we know it was a good quarter. Bear in mind that Q3 is now pretty distant from us. It began six months ago and ended three months ago. We’re about to wrap up Q4 and that’s what’s on everyone’s mind.

The NY Fed thinks Q4 had growth of 4% while the Atlanta Fed thinks it was 3.3%. I’ll let them and their models fight it out, but it looks like it will be another good quarter for the U.S. economy.

Posted by on December 21st, 2017 at 12:11 pm


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