Technical Analysis

Atlanta Fed Q4 GDPNow tracker rises to +3.7% from +2.7%

Some good economic data points today drove a jump in the Atlanta Fed GDPNow tracker for Q4 to +3.7% from +2.7%.

“After recent releases from the US Census Bureau, the US Bureau of
Economic Analysis, and the National Association of Realtors, the
nowcasts of fourth-quarter real personal consumption expenditures growth
and fourth-quarter real gross private domestic investment growth
increased from 3.4 percent and -0.2 percent, respectively, to 3.6
percent and 3.8 percent, respectively,” the release said.

Next week’s data calendar is quiet but in early January we’ll start to get a better picture of how Q4 shook out.

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