Atlanta Fed raises U.S. fourth quarter 2017 GDP view to 3.3 percent

The U.S. economy is on track to expand at a 3.3 percent annualized rate in the fourth quarter of 2017 following December data on domestic retail sales and consumer prices, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

The latest estimate for fourth-quarter gross domestic product growth was stronger than the 2.8 percent calculated on Wednesday, the Atlanta Fed said.
Source: Reuters (Reporting by Richard LeongEditing by Chizu Nomiyama)