Atlanta GDPNow estimate rises to 3.3% from 2.8%

Big jump in the current report.

The Atlanta Fed is out with their estimate for 4Q GDP. Their 4Q GDPNow estimate for growth now stands at 3.3% vs 2.8% as reported on January 10th.

In their own words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.3 percent on January 12, up from 2.8 percent on January 10. The forecast of fourth-quarter real consumer spending growth increased from 3.0 percent to 3.8 percent after this morning's retail sales report from the U.S. Census Bureau and this morning's Consumer Price Index release from the U.S. Bureau of Labor Statistics.