for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Atlanta Fed model pares U.S. third quarter GDP view to 1.7%

NEW YORK (Reuters) - The U.S. economy is likely growing at a 1.7% annualized rate in the third quarter, based on weaker-than-forecast data on domestic manufacturing activity and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

This was slower than the 2.0% pace estimated by the Atlanta Fed’s GDP program on Aug. 30.

Reporting by Richard Leong; Editing by Chizu Nomiyama

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up