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Atlanta Fed pares U.S. third-quarter GDP growth view to 3.2 percent
September 1, 2017 / 4:32 PM / 18 days ago

Atlanta Fed pares U.S. third-quarter GDP growth view to 3.2 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.2 percent annualized pace in the third quarter based on the latest data on payrolls, manufacturing and construction spending, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday.

The latest third-quarter gross domestic product estimate was lower than the one for a 3.3 percent growth rate calculated on Thursday, the Atlanta Fed said.

Reporting by Richard Leong

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