Atlanta Fed Q4 GDPNow 2.2% vs 2.5% prior

<p>The consensus on Q4 growth is around 1% so the Atlanta Fed tracker is still well-above it but they are converging. The latest estimate is 2.2% from 2.5% on January 3.</p><blockquote> After recent releases from the US Bureau of Economic Analysis, the US
Census Bureau, the US Bureau of Labor Statistics, and the Institute for
Supply Management, the nowcasts of fourth-quarter gross personal
consumption expenditures growth and fourth-quarter gross private
domestic investment growth decreased from 2.9 percent and 0.5 percent,
respectively, to 2.6 percent and -0.6 percent, while the nowcast of the
contribution of the change in real net exports to fourth-quarter real
GDP growth increased from -0.23 percentage points to -0.07 percentage
points.</blockquote><p>The advance Q4 GDP report will be released on January 25 with December retail sales on Jan 17 as a final major input.</p>

This article was written by Adam Button at www.forexlive.com.