If only Obama had 1 more year...
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 figure matched the level set on Dec. 20 in the wake of an industry report that showed home resales in November reached a 5.81 million annualized rate, a near 11-year peak.
Atlanta Fed's latest estimate for fourth-quarter gross domestic product growth was stronger than the 2.8 percent it calculated on Wednesday.
The latest store sales and consumer inflation data, the regional central bank said, raised its estimate on consumer spending growth to 3.8 percent from 3.0 percent.
https://finance.yahoo.com/news/atlanta-fed-raises-u-fourth-164622091.html
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 figure matched the level set on Dec. 20 in the wake of an industry report that showed home resales in November reached a 5.81 million annualized rate, a near 11-year peak.
Atlanta Fed's latest estimate for fourth-quarter gross domestic product growth was stronger than the 2.8 percent it calculated on Wednesday.
The latest store sales and consumer inflation data, the regional central bank said, raised its estimate on consumer spending growth to 3.8 percent from 3.0 percent.
https://finance.yahoo.com/news/atlanta-fed-raises-u-fourth-164622091.html
