The most recent tracker from the Atlanta Fed suits into the market’s narrative of falling progress. The issue could be if it falls under 0% however 1.2% remains to be positive.
“After this morning’s building spending launch from the US Census
Bureau and the Manufacturing ISM Report On Enterprise from the Institute
for Provide Administration, the nowcasts of fourth-quarter actual private
consumption expenditures progress and fourth-quarter actual gross non-public
home funding progress decreased from 2.7 p.c and -2.7 p.c,
respectively, to 1.8 p.c and -3.2 p.c,” the release said.
The drop brings it into line with the consensus.
