August 3, 2018 / 4:24 PM / 4 months ago

Atlanta Fed pares U.S. third quarter GDP growth view to 4.4 percent

NEW YORK (Reuters) - The U.S. economy is growing at a 4.4 percent annualized rate in the third quarter in the wake of the latest data on payrolls and services activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

This was slower than the 5.0 percent pace calculated by the regional Fed’s forecast program on Wednesday.

Reporting by Richard Leong; editing by Jonathan Oatis

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