Atlanta Fed GDPNow Q4 forecast cut to 1.4%

The latest forecast from the Atlanta Fed

The Atlanta Fed now sees fourth quarter growth at 1.4%, down from 1.8% on Nov 25 and from 2.3% earlier in November.

Today's construction spending report was a bit stronger but the ISM manufacturing data was extremely soft, falling to the lowest since 2009.

The consensus on Q4 growth is 2.5% but we're still months away from the first Q4 readings so take it all with a grain of salt.