Atlanta Fed sees U.S. economy seen expanding at 2.7 percent

October 31, 2016 11:05 AM EDT

Dennis Lockhart of the Atlanta Fed takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson/File Photo


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NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.7 percent annualized pace in the fourth quarter, the Atlanta Federal Reserve's GDP Now forecast model showed on Monday.

The regional central bank said its final estimate on third-quarter GDP was 2.1 percent, which was well below the 2.9 percent the government reported on Friday,the Atlanta Fed said on its website.

(Reporting by Richard Leong)



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