Atlanta Fed GDPNow rises to 2.8% from 2.6% previously

Friday's jobs report helps to boost growth

The Atlanta Fed GDPNow estimate for 4th quarter GDP has moved to 2.8% from 2.6% previously. In their own words:

The current GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.8 percent, up from 2.6 percent on January 3. The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth increased from 3.6 percent and 2.4 percent, respectively, to 3.8 percent and 2.8 percent, respectively, after the employment situation release by the U.S. Bureau of Labor Statistics on Friday, January 4.