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Q3 GDP Forecasts

From Merrill Lynch:Hurricane Harvey may end up being the most expensive natural disaster in history. We expect to see the impact of Harvey in upcoming economic releases, including jobless claims, manufacturing and consumer-related data. Factoring in Harvey, we take down our 3Q GDP tracker by 0.4pp to 2.5%. Hurricane Irma may be an additional drag. emphasis added From the Altanta Fed: GDPNowThe GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.
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