Atlanta Fed cuts U.S. third-quarter GDP view below 4 percent
NEW YORK (Reuters) - The U.S. economy is expanding at a 3.8 percent annualized rate in the third quarter, the Atlanta Federal Reserveâ€™s GDPNow forecast model showed on Tuesday, following the August payroll data released last Friday.
This was slower than the 4.4 percent pace calculated by the regional Fedâ€™s forecast program on Sept. 5.
Reporting by Richard Leong
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