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Atlanta Fed: US GDPNow Q4 estimate rises to 2.8% from 2.6%

"The current GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.8 percent, up from 2.6 percent on January 3," the Federal Reserve Bank of Atlanta said in its latest GDPNow report.

Key quotes

"The nowcasts of fourth-quarter real consumer spending growth and fourth-quarter real private fixed investment growth increased from 3.6 percent and 2.4 percent, respectively, to 3.8 percent and 2.8 percent, respectively, after the employment situation release by the U.S. Bureau of Labor Statistics on Friday, January 4."

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USD/CAD traders getting set for the BoC as key highlight to the week

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