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Atlanta Fed lowers U.S. third-quarter GDP growth view below 3 percent
September 6, 2017 / 4:25 PM / 2 months ago

Atlanta Fed lowers U.S. third-quarter GDP growth view below 3 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the third quarter based on the latest data on vehicle sales and trade balance, the Atlanta Federal Reserve’s GDP Now forecast model showed on Wednesday.

Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana June 23, 2010. REUTERS/Sean Gardner

The latest third-quarter gross domestic product estimate was below the 3.2 percent growth rate calculated on Friday, the Atlanta Fed said.

Reporting by Richard Leong

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