Atlanta Fed: US GDPNow Q4 estimate declines to 2.7% from 2.9%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.7 percent on December 21, down from 2.9 percent on December 18," the Federal Reserve Bank of Atlanta reported on Friday and added:

"The nowcast of fourth-quarter real personal consumption expenditures growth decreased from 4.1 percent to 3.7 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis."