"GDP shows U.S. economy's growth tapers to 1.9% in 3rd quarter"

Definitely not overheating and not a reason for the Fed to be shy about a rate cut.
From MarketWatch:

The U.S. economy expanded at a mild 1.9% annual pace in the third quarter, decelerating slightly from the spring owing to a decline in business investment and smaller increases in consumer and government spending. Economists polled by MarketWatch had forecast gross domestic product to slow to 1.6% from 2% in the second quarter. Consumer spending, the main engine of growth, rose a healthy 2.9%, but it was down from 4.6% in the spring....MORE