Atlanta Fed Pares Us Third Quarter Gdp Growth View To 44 Percent

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Atlanta Fed Pares Us Third Quarter Gdp Growth View To 44 Percent

NEW YORK – 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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