Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median increase of 0.1 percentage points to 1.8%. The government also reported a bigger-than-expected revision to growth in the nation’s third quarter gross domestic product to 2.1% from a first reading of 1.9%. Economists are watching to see if October’s business investment rebound is signaling that the slowdown in spending and manufacturing could be coming to an end. J.P. Morgan economists ... (full story)