As we have written previously GDP growth in Q1 was disappointing at 1.2%, but Q2 did rebound to 3.0% based on the “second” estimate from the Bureau of Economic Analysis as of the end of August.  The better growth figures in Q2 were partly driven by increases in personal consumption.  The consensus estimate for Q3 GDP growth is 2.7% with the GDPNow estimate from the Atlanta Fed at 3.0%.  However, Hurricanes Harvey and Irma may very well have a near term impact on growth in Q3 and don’t appear to be factored into those estimates.  One of the major brokerage […]