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Thursday, October 21, 2021

Atlanta Fed raises U.S. fourth-quarter growth view to 3.3 percent

Atlanta Fed raises U.S. fourth-quarter growth view to 3.3 percentAtlanta Fed raises U.S. fourth-quarter growth view to 3.3 percent

NEW YORK (Reuters) – The U.S. economy is on track to grow at a 3.3 percent annualized pace in the fourth quarter following surprisingly strong data on domestic retail sales in November, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.

The latest estimate for fourth-quarter gross domestic product growth was faster than the 2.9 percent growth rate calculated on Dec. 8, the Atlanta Fed said.

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Source: Investing.com

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