Atlanta Fed: GDPNow model forecast for real GDP growth in Q4 unchanged 3.3%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.3 percent on November 9, unchanged from November 3,"  the Federal Reserve Bank of Atlanta reported on Thursday.

The forecast of the contribution of inventory investment to fourth-quarter real GDP growth inched down from -0.03 percentage points to -0.06 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.