October 15, 2018 / 4:07 PM / a month ago

Atlanta Fed pares U.S. third quarter GDP growth view to 4.0 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 4.0 percent annualised rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday, following the release of the September retail sales data.

This is slower than the 4.2 percent pace calculated on Oct. 10 by the Atlanta Fed’s forecast program.

Reporting by Richard Leong

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