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Atlanta Fed lowers U.S. fourth quarter growth forecast to 2.4 percent
December 14, 2016 / 4:26 PM / a year ago

Atlanta Fed lowers U.S. fourth quarter growth forecast to 2.4 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.4 percent annualized pace in the fourth quarter following weaker-than-expected data on retail sales in November, the Atlanta Federal Reserve’s GDP Now forecast model showed on Wednesday.

The latest fourth-quarter GDP estimate was lower than the 2.6 growth rate calculated on Dec. 9, the Atlanta Fed said on its website.

Reporting by Richard Leong

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