This is not going to enhance the temper in markets but it surely nonetheless very early within the Q3 reporting cycle.
From the Atlanta Fed:
“After this morning’s releases from the US Census Bureau and the
Institute for Provide Administration, the nowcasts of third-quarter actual
private consumption expenditures progress and third-quarter actual gross
personal home progress decreased from 3.8 % and -0.1 %,
respectively, to three.3 % and -0.6 %.”
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