Atlanta Fed: GDPNow model forecast for real GDP growth in Q3 is 3.8%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.8 percent on August 16, up from 3.7 percent on August 15," said the Federal Reserve Bank of Atlanta on Wednesday.

• The forecast of third-quarter real residential investment growth increased from -0.5 percent to 3.7 percent after this morning's new residential construction report from the U.S. Census Bureau.