CNBC Reports: Economic growth is close to zero for the fourth quarter, according to Fed gauges
During the fourth quarter, the US economy's growth will hit nearly 0%.
According to the Atlanta Fed’s GDPNow, growth is likely to come in at just 0.3%. The New York Fed’s GDP Nowcast is showing a gain of 0.4%.
In addition to Trump's trade war, low retail sales and lack of production growth are to blame.
Economic data has largely remained a bit better than expectations but has dipped lately compared with Wall Street estimates. The Citi Economic Surprise Index, which compares actual readings to consensus estimates, is still positive but at its lowest level since early September.
