NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.47 percent clip in the third quarter, faster than the 2.26 percent pace calculated a week ago, the New York Federal Reserve’s Nowcast model showed on Friday.
It projected GDP in the fourth quarter is growing at a 2.92 percent rate, quicker than the 2.66 percent pace estimated the week before.
Reporting by Richard Leong
