December 14, 2018 / 4:53 PM / a month ago

Atlanta Fed raises U.S. fourth-quarter GDP growth view to 3 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 3.0 percent annualized rate in the fourth quarter based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

This was faster than the 2.4 percent pace for fourth-quarter gross domestic product that the Atlanta Fed’s GDP program calculated a week ago.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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