The estimate was cut after today’s durable goods report
From the Atlanta Fed:
"The forecast of third-quarter real equipment investment growth fell from 1.5 percent to 0.8 percent after this morning’s advance durable manufacturing report from the U.S. Census Bureau. The forecast of third-quarter real investment residential growth, which now stands at -8.9 percent, declined by 1.3 percentage points on both September 22 and September 26 following the release of housing data on those dates."
