Atlanta Fed model pares U.S. third quarter GDP view to 1.7%
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E-mailNEW YORK (Reuters) - The U.S. economy is likely growing at a 1.7% annualized rate in the third quarter, based on weaker-than-forecast data on domestic manufacturing activity and construction spending, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.
This was slower than the 2.0% pace estimated by the Atlanta Fed's GDP program on Aug. 30.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
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