September 14, 2018 / 4:25 PM / a month ago

N.Y. Fed keeps U.S. GDP growth view near 2.2 percent

NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.24 percent clip in the third quarter, compared with a 2.23 percent pace calculated a week ago, the New York Federal Reserve’s Nowcast model showed on Friday.

It projected GDP in the fourth quarter is growing at a 2.75 percent rate versus 2.76 percent pace estimated the week before.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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