N.Y. Fed sees U.S. economy growth near 3.2 percent in fourth quarter
NEW YORK (Reuters) - The New York Federal Reserve on Friday kept its view on U.S. gross domestic product growth for the fourth quarter near 3.2 percent given the dearth of economic data this week.
The regional central bank's "Nowcast" model calculated the economy was expanding at an annualized pace of 3.15 percent in the fourth quarter, quicker than the 3.16 percent rate calculated a week earlier.
(Reporting by Richard Leong)
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.