From Merrill Lynch: Misses in construction spending and trade coupled with negative revisions to capex data sliced 0.3pp from 3Q GDP tracking this week, leaving us at 1.6% qoq saar. [Oct 11 estimate]emphasis addedFrom the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 2.0% for 2019:Q3 and…

Q3 GDP Forecast: Just Undex 2%