New York Fed leaves U.S. third-quarter, fourth-quarter GDP view little changed
NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week’s inflation data, the New York Federal Reserve’s Nowcast model showed on Friday.
It projected GDP in the fourth quarter is growing at a 2.77 percent rate versus a 2.80 percent pace estimated the week before.
Reporting by Richard Leong
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