Atlanta Fed: US GDPNow Q4 estimate ticks down to 2.9%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.9 percent on December 18, down from 3.0 percent on December 14," the Federal Reserve Bank of Atlanta announced on Tuesday.

"The nowcast of fourth-quarter real residential investment growth decreased from -2.4 percent to -4.2 percent after this morning’s new residential construction release from the U.S. Census Bureau."