Atlanta Fed Slashes Q4 GDP Estimate From 3.6% To 2.4% / by Tyler Durden / Nov 30, 2016 10:17 AM

When we looked at the latest disappointing spending data this morning, we warned that GDP would likely be weakned, however we had no idea by just how much. The answer was revealed moments ago courtesy of the Atlanta Fed, which moments ago updated its GDPNow model and said that its forecast for real GDP growth in the fourth quarter of 2016 is 2.4 percent on November 30, down from 3.6 percent on November 23.

From the report: