From Merrill Lynch The retail sales data nudged 3Q and 4Q GDP tracking a tenth lower to 2.1% and 1.5% qoq saar. [Dec 13 estimate]emphasis addedFrom the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 0.7% for 2019:Q4 and 0.8% for 2020:Q1. [Dec 13 estimate]And from the…

Q4 GDP Forecasts: 0.7% to 2.0%