Atlanta Fed GDPNow estimate dips to 3.6% from 3.7%
The Atlanta Fed's GDPNow model for Q3 GDP growth was trimmed to 3.6% from 3.7% after weaker wholesale inventories data.
August existing home sales hit 3.98 million, matching estimates, with a 2.0% fall from the prior month.
As interest rates continue to rise, the real estate sector enters its final stretch of the year without any relief. The housing market is on track for another weak year, and expectations for 2027 are not optimistic.
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The Atlanta Fed's GDPNow model for Q3 GDP growth was trimmed to 3.6% from 3.7% after weaker wholesale inventories data.
US wholesale inventories rose less than expected in August, while wholesale sales surged.
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