US personal consumption spending for October is projected to rise 0.3% vs. the previous month in tomorrow’s update (Nov. 26), based on The Capital Spectator’s median point forecast for several econometric estimates. The prediction reflects a moderate rebound in growth relative to September’s 0.2% decline.
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US economic growth is on track to decelerate in this year’s fourth quarter, based on The Capital Spectator’s median point forecast for several econometric estimates. Today’s initial GDP estimate for the final three months of 2014 anticipates an increase of 2.1% (real seasonally adjusted rate) — a substantially lower rate vs. the 3.5% pace in the previous quarter, according to the Q3 report published by the Bureau of Economic Analysis (BEA) last month.
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