Atlanta Fed bumps up GDP forecast
The Atlanta Fed raised its tracking estimate of third quarter GDP to 4.7% from 4.1% on Aug 30.
"The nowcasts of third-quarter real consumer spending growth and third-quarter real private fixed investment growth increased from 3.0 percent and 3.0 percent, respectively, to 3.6 percent and 4.3 percent, respectively, after this morning's construction spending report from the U.S. Census Bureau and this morning's Manufacturing ISM Report On Business from the Institute for Supply Management," the release says.
