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Atlanta Fed trims U.S. fourth-quarter GDP growth view to 2.7 percent

Reuters  |  NEW YORK 

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.7 percent annualized rate in the fourth quarter as data showed the U.S. trade deficit jumped to a 10-year high in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.This was a tad slower than the 2.8 percent pace for fourth-quarter gross domestic product that the Atlanta Fed's GDP program calculated on Monday. (Reporting by Richard Leong)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, December 06 2018. 22:32 IST