Atlanta Fed raises U.S. fourth quarter GDP forecast to 2.9 percent
Tweet
Share
E-mail
Construction is seen in the Hudson Yards area of the West Side of Manhattan in New York U.S., November 21, 2016. REUTERS/Shannon Stapleton
NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the fourth quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.
The latest fourth-quarter GDP estimate was higher than the 2.4 growth rate calculated on Wednesday, the Atlanta Fed said on its website.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UK consumer confidence jumps to two-year high, GfK says
- Delta, Aeromexico win US court battle to keep joint venture
- Trump signs memo to help drastically boost US space launches
Create E-mail Alert Related Categories
ReutersRelated Entities
Construction SpendingSign 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!
