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According to the latest GDPNow report published by the  Federal Reserve Bank  of Atlanta, the real GDP in the US  is expected to expand by 2% in the third quarter of the year.

“After yesterday’s and this morning’s releases from the US  Census Bureau and US  Bureau of Economic Analysis, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real nonresidential equipment investment growth decreased from 3.4% and 4.4%, respectively, to 3.2% and -0.5%, respectively,” Atlanta Fed said in its publication.