Atlanta Fed: US GDPNow Q4 estimate ticks down to 2.9%

Eren Sengezer FXStreet

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.9 percent on December 18, down from 3.0 percent on December 14," the Federal Reserve Bank of Atlanta announced on Tuesday.

"The nowcast of fourth-quarter real residential investment growth decreased from -2.4 percent to -4.2 percent after this morning’s new residential construction release from the U.S. Census Bureau."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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