Capital Economics estimates fourth-quarter GDP growth is now likely to come in a little below 2%.
Overseas markets were stronger Thursday amid optimism on U.S. budgetary negotiations. The FTSE 100 in London rose 1.15%, while the DAX in Germany bumped up 0.78%. Japan's Nikkei average and Hong Kong's Hang Seng index each closed up by 1%.
The Asian markets also got a lift as Japan's main opposition leader Shinzo Abe, who is tipped to become the next prime minister, continued to call for more aggressive monetary policy easing. Abe has held the prime minister post before, when his first stint lasted from Sept. 2006 to Sept. 2007.
Gold for February delivery rose $10.70 to settle at $1,729.50 an ounce at the Comex division of the New York Mercantile Exchange, while January crude oil contracts increased $1.58 to close at $88.07 a barrel.The benchmark 10-year Treasury climbed 3/32 to lower the yield to 1.622%. The dollar was off 0.13%, according to the