Gets in line with other GDP adjustments today
The Atlanta fed GDP tracker has fallen to 0.9% for the 3rd quarter. This is down 0.1% from their previous estimate from October 9th (at 1.0%).
There have been a number of revisions today as a result of both lower US retail sales and lower inventories.
JPM has also lowered its GDP by 0.5%. Their estimate is for a 1.0% 3Q GDP.
