October 12, 2018 / 3:34 PM / 2 months ago

New York Fed leaves U.S. third-quarter, fourth-quarter GDP view little changed

The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz

NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week’s inflation data, the New York Federal Reserve’s Nowcast model showed on Friday.

It projected GDP in the fourth quarter is growing at a 2.77 percent rate versus a 2.80 percent pace estimated the week before.

Reporting by Richard Leong

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