November 2, 2018 / 3:54 PM / 11 days ago

Atlanta Fed lowers U.S. fourth-quarter growth view below 3 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.9 percent annualized rate in the fourth quarter, following the latest data on trade balance and domestic payrolls, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

This was slower than the 3.0 percent pace for fourth-quarter gross domestic product that Atlanta Fed’s GDP program calculated on Thursday.

Reporting by Richard Leong

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