N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent
Tweet
Share
E-mail
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking
NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve's forecast model showed on Friday.
The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.
(Reporting by Richard Leong)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Inflation modest, but firms' profit margins hurt by struggles to pass on costs:Fed
- Jefferson Expects Inflation To Decline With Fed Rate Steady - Bloomberg
- Exclusive-Donald Trump mulls middle-class tax cut as he eyes return to office
Create E-mail Alert Related Categories
Economic Data, Fed, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
