US GDP is expected to rise 2.0% in this year’s third quarter (real seasonally adjusted annual rate), according to The Capital Spectator’s updated average econometric nowcast. Today’s revision, which is based on the latest economic data, is moderately above the previous 1.7% nowcast average for Q3, which was published on August 26. As additional economic indicators are updated and revised, the nowcast will continue to evolve ahead of the government’s initial estimate of Q3 GDP, which is scheduled for release on October 30.