This month’s upcoming estimate of third-quarter economic growth for the US is on track to stabilize at a modest pace, matching the gain in Q2, based on the median estimate for a set of revised nowcasts. Recession risk remains low for now, but today’s update also reaffirms that a rebound in growth is unlikely any time soon.

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White House refuses to cooperate with House’s impeachment inquiry: WSJ
Poll: 3 in 10 Republicans support impeachment inquiry: The Week
Turkish military begins crossing into Syria: Bloomberg
China remains willing to discuss a partial trade deal with US: CNBC
New IMF chief: global economy slowing due to US-China trade war: NYT
Fed Chair Powell says US expansion is “sustainable”: Reuters
Small Business Optimism Index for US dipped in Sep but still upbeat: NFIB
US wholesale inflation trend falls to 1.4% in Sep, lowest in nearly 3 years: MW