Tags: atlanta | fed | growth | economic

Atlanta Fed Raises 4Q Economic Growth View to 3.2 Percent

Image: Atlanta Fed Raises 4Q Economic Growth View to 3.2 Percent
(Elina Garevskaya/Dreamstime)

Wednesday, 03 January 2018 01:07 PM

The U.S. economy is on track to grow at a 3.2 percent annualized rate in the fourth quarter after data showed construction spending reached a record high in November and stronger-than-forecast December figures on factory activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

The latest estimate for fourth-quarter gross domestic product growth was faster than the 2.8 percent growth rate calculated on Dec. 22, the Atlanta Fed said.

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Economy
The U.S. economy is on track to grow at a 3.2 percent annualized rate in the fourth quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.
atlanta, fed, growth, economic
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2018-07-03
Wednesday, 03 January 2018 01:07 PM
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