February 16, 2017 / 3:00 PM / a year ago

Atlanta Fed raises U.S. first-quarter GDP growth view to 2.4 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.4 percent annualized pace in the first quarter following the latest data on domestic housing starts, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday.

The latest fourth-quarter GDP estimate was higher than the 2.2 percent growth rate calculated on Wednesday, the Atlanta Fed said on its website.

Reporting by Richard Leong

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