Atlanta Fed GDPNow rebounds

The latest GDP tracker from the Atlanta Fed

The GDP tracker is up to 3.5%. That's back to where it was at the start of the week. It had been dropped to 2.7% yesterday.

"The forecast of real consumer spending growth increased from 2.6 percent to 3.1 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment spending growth increased from 6.7 percent to 8.4 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau," the Atlanta Fed said.

The New York Fed's GDP Nowcast is also due later today.