**Atlanta Fed GDPNow Q3 Estimate Slips to 3.8%**
The Atlanta Federal Reserve’s GDPNow model released a new forecast, estimating that U.S. economic growth for the third quarter is now at 3.8%, a slight decrease from its previous projection of 3.9%. This update followed the latest data on wholesale and retail trade, showing ongoing adjustments in economic expectations as new indicators are released. However, after September 30, economic analysts caution that “we will soon be flying blind” due to a likely data blackout if the federal government shuts down, temporarily halting access to key economic updates.
With limited data potentially on the horizon, economists and investors may face challenges making informed decisions until regular government data releases resume. The GDPNow model, which uses current economic data to forecast gross domestic product growth, will be impacted if critical reports are delayed, possibly increasing uncertainty in the markets and complicating outlooks for business and investment planning.
**Implications for Arizona Real Estate Investors**
For real estate investors in Arizona, trends in national economic growth can influence local market conditions. Slowing economic momentum combined with uncertainty around federal economic data releases may create additional unpredictability for interest rates, lending conditions, and consumer confidence. Investors should monitor both the broader economic climate and local signals, as national developments can indirectly affect property values, rental demand, and transaction activity in Arizona’s real estate markets.
Read the original Personal Consumption Expenditures article, or, read more Arizona real estate news.