Tomorrow's preliminary estimate for third-quarter economic activity in the US is on track to edge lower, based on the median estimate for a set of nowcasts. The government's first round of Q3 data (due on Oct. 30) will likely show a modest pace of growth. The report also looks set to show that the economic trend decelerated, if only slightly, for a second straight quarter.
Today's revised median nowcast is anticipating a 1.9% increase in Q3 growth, based on several models reviewed by The Capital Spectator. This median estimate reflects a fractional slide from the