Atlanta Fed sees U.S. third-quarter GDP below 2 percent

Reuters News
Posted: Oct 14, 2016 11:52 AM

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 1.9 percent annualized pace in the third quarter following the September data on domestic retail data, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.

The latest third-quarter GDP estimate was lower than the 2.1 percent increase calculated on Oct. 7, the Atlanta Fed said on its website.

(Reporting by Richard Leong, Editing by Franklin Paul)