Atlanta Fed raises U.S. fourth quarter GDP forecast to 2.9 percent

Reuters

Published Dec 01, 2016 12:39PM ET

Updated Dec 01, 2016 12:50PM ET

Atlanta Fed raises U.S. fourth quarter GDP forecast to 2.9 percent

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.9 percent annualized pace in the fourth quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.