N.Y. Fed holds U.S. third-quarter GDP growth view near 2.6 percent
NEW YORK (Reuters) - The U.S. economy is expanding at a 2.57 percent annualized pace in the third quarter, based on latest data on job openings and consumer prices released this week, the New York Federal Reserve’s Nowcast model showed on Friday.
The N.Y. Fed program estimated gross domestic product would grow 2.58 percent in the current quarter a week ago.
Reporting by Richard Leong
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.