GDP tracker bumped up
The fourth quarter continues to track in the mid-2s but it's still a long ways to go until we get a clear picture.
"The nowcast of fourth-quarter real personal consumption expenditures growth increased from 2.6 percent to 3.2 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis. This increase was partly offset by a decrease in the nowcast of fourth-quarter real gross private domestic investment growth from 3.7 percent to 2.5 percent and a decrease in the nowcast of the contribution of net exports to fourth-quarter real GDP growth from -0.32 percentage points to -0.39 percentage points," the Atlanta Fed said.
