Atlanta Fed trims fourth quarter 2016 U.S. GDP view to 2.8 percent Jan 13, 2017 11:38AM

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.8 percent annualized pace in the fourth quarter of 2016 following data on domestic retail sales in December, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.

The latest fourth-quarter GDP estimate was a tad lower than the 2.9 percent growth rate calculated on Tuesday, the Atlanta Fed said on its website.

(Reporting by Richard Leong)


New York Fed raises fourth quarter 2016, first quarter 2017 U.S. GDP views Jan 13, 2017 11:29AM

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its outlook on U.S. economic growth in final quarter of 2016 and first three months of 2017 following the release of December data on domestic retail sales and producer prices.

U.S. gross domestic product was on track to expand at an annualized pace of 1.94 percent in fourth quarter of 2016, faster the previous forecast of 1.89 percent a week ago, while GDP in the first quarter was on... (continue reading...)


Fed's Yellen says she's upbeat about short-term economic outlook Jan 12, 2017 07:57PM

WASHINGTON (Reuters) - The U.S. economy is doing well and faces no serious obstacles in the short term, with the labor market looking pretty strong, Federal Reserve Chair Janet Yellen said on Thursday.

In the "short term I would say I don't think there are serious obstacles. I see the economy as doing quite well," Yellen said in a town hall meeting with educators, adding that she was worried about longer-term issues like widening income inequality and weak... (continue reading...)


Fed's Kaplan says regulatory, tax reform could boost productivity Jan 12, 2017 02:24PM

DALLAS (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Thursday pointed to several of President-elect Donald Trump's plans as likely to boost productivity and growth, but warned he would be "scrutinizing" Trump's policies on immigration, trade and repealing Obamacare.

Kaplan, who has a vote on Fed interest rate policy this year, said that regulatory and tax reform, as well as infrastructure investment, could benefit the U.S. economy.... (continue reading...)


Fed officials see quick economic boost from Trump, risks to follow Jan 12, 2017 09:42AM

By Howard Schneider

NAPLES, Fla. (Reuters) - Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems they might have to counteract.

Fed regional bank presidents, in an array of appearances, agreed in principle that the policies President-elect Donald Trump is likely to pursue will increase... (continue reading...)


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