Goldman Sachs raises 4Q GDP tracking

Cites better retail sales

Goldman Sachs is raising their 4Q GDP tracking to 2.5% from 2.3%. They cite the better November retail sales and business inventory data.

Earlier today, the Atlanta Fed also raised their estimate of GDP for 4Q to 3.3% from 2.9%.

The NY Fed will release their weekly estimate tomorrow. Last week, they had GDP on track for a whooping 3.9% growth. I wonder what they might be tomorrow after the better data today.