Atlanta Fed GDP tracker lowered
The revisions to Q3 and today's PCE report was behind the cut.
"The forecast of the contribution of net exports to fourth-quarter real GDP growth declined from -0.18 percentage points to -0.41 percentage points after Tuesday's Advance Economic Indicators Report from the U.S. Census Bureau. The forecast of fourth-quarter real consumer spending growth fell from 3.3 percent to 2.6 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis," the Atlanta Fed said.
