November 09, 2022 17:16 GMT
Atlanta Fed GDPNow Tracking 4% in Q4
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- Atlanta Fed GDPNow revised up from 3.6% to 4.0% in the early stages of its Q4 tracker, in what would be a further solid bounce from the 2.6% in Q3 after -1.1% averaged through 1H22.
- The revision captures Friday’s payrolls and today’s wholesale trade reports, boosting personal consumption (+0.2%pts to 4.2%, driving the quarterly rebound after 1.4% in Q3), and private investment (+1.4%pts to 2.1%).