September 27, 2017 / 3:34 PM / 24 days ago

Atlanta Fed lowers U.S. third-quarter GDP view to 2.1 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.1 percent annualized pace in the third quarter based on the latest data on existing home sales and durable goods orders, the Atlanta Federal Reserve’s GDP Now forecast model showed on Wednesday.

The latest third-quarter gross domestic product estimate was slower than the 2.2 percent growth rate calculated on Sept. 19, the Atlanta Fed said.

Reporting by Richard Leong; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below