Atlanta Fed: GDPNow model forecast for real GDP growth in Q3 is 3.5%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.5 percent on August 9, down from 3.7 percent on August 4," the Federal Reserve Bank of Atlanta said on Wednesday. 

Key quotes

• The forecast of the contribution of inventory investment to third-quarter real GDP growth declined from 1.11 percentage points to 0.99 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.