January 10, 2017 / 5:28 PM / 6 months ago

Atlanta Fed holds U.S. fourth-quarter GDP growth view at 2.9 percent

1 Min Read

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the fourth quarter of 2016 following data that showed wholesale inventories recorded their biggest rise in two years in November, the Atlanta Federal Reserve's GDP Now forecast model showed on Tuesday.

The latest fourth-quarter GDP estimate was unchanged from the growth rate last Friday, the Atlanta Fed said on its website.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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