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.
SNB held its key rate at 0% and raised inflation and growth forecasts, dropping earlier language on FX intervention.
The key shift from June is that the SNB has dropped the phrase "increased willingness" to intervene in FX markets, which appeared in the earlier statement. In the September release, that specific language is absent.
Further details to come.
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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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