August 31, 2017 / 3:24 PM / 3 months ago

Atlanta Fed trims U.S. Q3 GDP growth view to 3.3 pct

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.3 percent annualized pace in the third quarter based on the latest data on expected lower contribution from exports and inventory investments, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday.

The latest third-quarter gross domestic product estimate was weaker than the one for a 3.4 percent growth rate calculated on Aug. 25, the Atlanta Fed said.

Reporting by Richard Leong

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