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.
Trump to speak from Oval Office at 2 p.m. ET about a $15B Iowa steel mill; crude oil settles up 18 cents at $92.59 after earlier high of $96.54.
President Donald Trump is scheduled to make an announcement from the Oval Office on Tuesday. The event is set for 2:00 p.m. ET, though White House engagements frequently run behind schedule. The stated subject is a $15 billion steel mill in Iowa, but journalists in attendance are expected to press him about Iran. He will probably stick to his familiar talking points, yet the appearance warrants monitoring.
West Texas Intermediate crude was last trading 18 cents higher, at $92.59 a barrel, after touching an intraday peak of $96.54 earlier in the session.
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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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