Atlanta Fed: US GDPNow Q4 estimate steady at 2.8%

"The current GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.8 percent on January 16, unchanged from January 10," the Federal Reserve Bank of Atlanta reported on Wednesday. "The nowcast of the contribution of net exports to fourth-quarter real GDP growth inched down from -0.50 percentage points to -0.52 percentage points after this morning’s U.S. Import and Export Price Indexes release from the U.S. Bureau of Labor Statistics."