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“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 2.9 percent on November 9, unchanged from November 2,” the Federal Reserve Bank of Atlanta reported on Friday.

“The nowcast of the contribution of inventory investment to fourth-quarter real GDP growth inched down from -0.05 percentage points to -0.08 percentage points after this morning’s Producer Price Index release from the U.S. Bureau of Labor Statistics and this morning’s wholesale trade report from the U.S. Census Bureau.”