August 10, 2018 / 3:32 PM / in 2 months

N.Y. Fed holds U.S. third-quarter GDP growth view near 2.6 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.57 percent annualized pace in the third quarter, based on latest data on job openings and consumer prices released this week, the New York Federal Reserve’s Nowcast model showed on Friday.

FILE PHOTO: People are seen walking through Roosevelt Field shopping mall in Garden City, New York February 22, 2015. REUTERS/Shannon Stapleton/File Photo

The N.Y. Fed program estimated gross domestic product would grow 2.58 percent in the current quarter a week ago.

Reporting by Richard Leong

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