Atlanta Fed's Q4 GDPNow estimate was unchanged at 2.5%
Atlanta Fed's Q4 GDPNow estimate was unchanged at 2.5% still below the 2.7% Blue Chip consensus: "The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.5 percent on November 21, unchanged from November 20. The nowcast of fourth-quarter real nonresidential equipment investment growth declined from 11.5 percent to 10.5 percent after this morning's advance durable manufacturing report from the U.S. Census Bureau. The nowcast of fourth-quarter real residential investment growth increased from -6.3 percent to -4.1 percent after this morning's existing-home sales release from the National Association of Realtors." The next GDPNow update is Thursday, November 29.