Atlanta Fed Q4 GDPNow tracker rises to 3.2% from 2.8%

Author: Adam Button | Category: News

Atlanta Fed sees better growth

The Atlanta Fed GDPNow tracker climbed to 3.2% from 2.8% after today's data.

"The forecast of real consumer spending growth increased from 2.9 percent to 3.3 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 7.9 percent to 8.9 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau," the report said.