Atlanta Fed's GDPNow unchanged at 3.4% for Q4

"The final GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on January 25, unchanged from January 18," the Federal Reserve Bank of Atlanta reported on Thursday.

The forecast of fourth-quarter real residential investment growth decreased from 10.2 percent to 9.5 percent after yesterday's existing-home sales release from the National Association of Realtors and this morning's housing market releases from the U.S. Census Bureau.

This morning's Advance Economic Indicators release from the Census Bureau has been rescheduled for Friday morning due to the federal government shutdown.