Atlanta Fed GDPNow forecast for 3Q growth starts at 4.7%

Up from 4.1% in the 2Q

The initial estimate for the 3Q growth for the US by the Atlanta Fed is showing growth guesstimate of 4.7%

In their own words:

The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.7 percent. The advance estimate of second-quarter real GDP growth released by the U.S. Bureau of Economic Analysis on July 27 was 4.1 percent, 0.3 percentage points above the final GDPNow model nowcast released on the previous day.

The Atlanta Fed in the 2Q estimated growth at 3.8%. The actual first cut came in at 4.1%.