N.Y. Fed raises U.S. fourth quarter GDP growth view to 3.16 percent

NEW YORK (Reuters) – The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter, based on solid data on business inventories, personal spending and jobs growth.

The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace of 3.16 percent in the fourth quarter, quicker than the 3.05 percent rate calculated a week ago.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.