Atlanta Fed's GDP tracker points to slower growth in the third quarter
The downgrade came after the release of dismal U.S. manufacturing data earlier in the day, which sent stocks tumbling.
Kathy Huff installs a headlight assembly at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018.U.S. economic growth is expected to have slowed in the third quarter of 2019, according to the Atlanta Federal Reserve's GDP tracking gauge.model estimates the economy grew by just 1.8% in the third quarter. That is down from a previous reading of 2.1% and below the second quarter's final figure of 2%.
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