The scissors come out for US growth after manufacturing and construction data - Atlanta Fed GDPNow 0.7% vs 1.3% prior

Softer data sees growth tracking forecasts cut

Morgan Stanley's US GDP tracker sees Q4 GDP at 0.5% from 0.9% after the manufacturing and construction data

Barclays has lowered theirs to 1.3% while JP Morgan's moves down to 1.0% from 2.0% on the worse construction numbers

Out shortly is the Atlanta Fed's latest GDPNow reading. It currently stands at 1.3% as of 23rd Dec, down from 1.9% 16th Dec

Talk of rate Fed rate cuts are already doing the rounds with HSBC saying that if the Fed has made a mistake, and wants to cut rates, it usually cuts by 50bp in response to a move into recession

Update: The Atlanta Fed numbers are now out