N.Y. Fed raises U.S. fourth-quarter growth estimate to 2.69 percent
NEW YORK (Reuters) - U.S. economy is growing at a 2.69 percent pace in the fourth quarter following this week’s data on producer prices and job openings, the New York Federal Reserve’s Nowcast model showed on Friday.
This was faster than the 2.61 percent rate calculated by N.Y. Fed’s program a week ago.
Reporting by Richard Leong
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