It is early in the growth estimate for Q3 from the Atlanta Fed GDP model. It has dipped as a result of the disappointing economic news released today. The model now sees a growth rate of 2.1% down from 2.3% previously.In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.1 percent on August 1, down from 2.3 percent on July 31. After this morning’s releases from the US Bureau of Labor Statistics, the US Census Bureau, and the Institute for Supply Management, the nowcasts for third-quarter real personal consumption expenditures growth and real private fixed investment growth declined from 1.9 percent and 2.5 percent, respectively, to 1.6 percent and 2.0 percent. These declines were partially offset by an increase in the nowcast of the contribution of inventory investment to third-quarter real GDP growth from 0.63 percentage points to 0.74 percentage points.The next GDPNow update is Tuesday, August 5. Please see the "Release Dates" tab below for a list of upcoming releases. This article was written by Greg Michalowski at investinglive.com.