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.
This article was originally published by Forexlive.com. Read the original article here.