August 26, 2019 / 4:33 PM / 24 days ago

Atlanta Fed model raises U.S. third quarter GDP view to 2.3%

(Reuters) - The U.S. economy is likely growing at a 2.3% annualized rate in the third quarter, based on the data on domestic durable goods orders in July, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday.

This was a tad faster than the 2.2% pace estimated by the Atlanta Fed’s GDP program on Aug. 16.

Reporting by Richard Leong

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