Atlanta Fed GDPNow 4Q forecast unchanged at 3.3%

Stays above 3%

The Atlanta Fed GDPNow forecast for 4Q GDP came in at 3.3%. That is unchanged from the prior forecast.

In their own words:

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.3 percent on December 19, unchanged from December 14. The forecast of fourth-quarter real GDP growth fell to 3.1 percent after Friday's industrial production and capacity utilization release from the Federal Reserve Board of Governors but rebounded back to 3.3 percent after this morning's new residential construction release from the U.S Census Bureau. The forecast of fourth-quarter real residential investment growth increased from 4.8 percent to 8.2 percent after the construction release."

The next GDPNow update is Friday, December 22.