Atlanta Fed: GDPNow model forecast for real GDP growth in Q3 rose to 3%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.0 percent on September 8, up from 2.9 percent on September 6," the Federal Reserve Bank of Atlanta said in its latest report and added "the forecast of the contribution of inventory investment to third-quarter real GDP growth increased from 0.87 percentage points to 0.94 percentage points after this morning's wholesale trade report from the U.S. Census Bureau."