The consensus on This fall progress is round 1% so the Atlanta Fed tracker continues to be well-above it however they’re converging. The most recent estimate is 2.2% from 2.5% on January 3.

After latest releases from the US Bureau of Financial Evaluation, the US
Census Bureau, the US Bureau of Labor Statistics, and the Institute for
Provide Administration, the nowcasts of fourth-quarter gross private
consumption expenditures progress and fourth-quarter gross personal
home funding progress decreased from 2.9 % and 0.5 %,
respectively, to 2.6 % and -0.6 %, whereas the nowcast of the
contribution of the change in actual web exports to fourth-quarter actual
GDP progress elevated from -0.23 share factors to -0.07 share
factors.

The advance This fall GDP report might be launched on January 25 with December retail gross sales on Jan 17 as a remaining main enter.

This text was written by Adam Button at www.forexlive.com.