US growth is accelerating in Q3 - BBH

Research Team at BBH, suggests that the US growth is accelerating here in Q3 and broadening but it will still snap the string at three consecutive quarters of less than 2% growth. 

Key Quotes

“The Atlanta Fed GDP tracker says 2.4% growth, while the NY Fed's tracker puts it at 2.2%.  Consumption rose 4.3% in Q2.  Last week's data confirm a slowing to around 2.7%, according to the Atlanta Fed, which matches the past four quarter average.  Despite the talk of insufficient aggregate demand, US consumption, which is a little more than 2/3 of the economy, is not the problem.  Inventories will be less of a drag, and net exports may contribute positively to GDP.”