September 6, 2017 / 4:25 PM / 5 months ago

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

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the third quarter based on the latest data on vehicle sales and trade balance, the Atlanta Federal Reserve’s GDP Now forecast model showed on Wednesday.

The latest third-quarter gross domestic product estimate was below the 3.2 percent growth rate calculated on Friday, the Atlanta Fed said.

Reporting by Richard Leong

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