Atlanta Fed upgrades U.S. fourth-quarter growth view to 4.5 percent

The U.S. economy is on track to grow at a 4.5 percent annualized pace in the fourth quarter even as data showed domestic factory sector growth retreated from a 13-1/2 year peak in October, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

The latest estimate for fourth-quarter gross domestic product growth was faster than the 2.5 percent growth rate calculated on Monday, the Atlanta Fed said.
Source: Reuters (Reporting by Richard Leong; Editing by Chizu Nomiyama)