Down from 3.0% high for the quarter
The Atlanta Fedhas cut their GDP estimate for the 4th from 2.6% from 2.7%. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.6 percent on January 3, down from 2.7 percent on December 21. The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth decreased from 3.7 percent and 2.7 percent, respectively, to 3.6 percent and 2.4 percent, respectively, after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management.
The next estimate will be on Tuesday, January 8.
