N.Y. Fed sees U.S. economy growth near 3.2 percent in fourth quarter

Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana
Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana June 23, 2010. REUTERS/Sean Gardner

November 10, 2017

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)