Atlanta Fed pares U.S. third-quarter GDP view to 3.5 percent

August 12, 2016 11:56 AM EDT

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.5 percent annualized rate in the third quarter following weaker-than-expected data on retail sales in July, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.

The latest third-quarter GDP estimate was lower than the 3.7 percent figure calculated on Tuesday, the Atlanta 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






Related Categories

Reuters

Add Your Comment