The U.S. Bureau of Economic Analysis (BEA) has canceled its October 30 release of the advance Q3 GDP estimate and postponed the September PCE inflation data to December 5. The BEA has not provided a new date for the second GDP estimate. Meanwhile, the Atlanta Fed’s GDPNow model continues to project Q3 growth at 4.2% annualized as of November 21.
This delay in key economic data complicates market visibility as the year-end approaches, prompting traders to rely more on high-frequency indicators and Federal Reserve communications. The December 5 release will include September personal income and outlays, featuring the PCE price index and core PCE, which is the Fed’s preferred measure of inflation.
BEA Cancels Q3 GDP Estimate, Delays PCE Data to December 5
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