Powered by Studio M | 1917 Concourse Dr. San Jose CA 95131

  • News Desk

ATLANTA FED TRIMS U.S. THIRD-QUARTER GROWTH FORECAST


The U.S. economy is on track to grow at a 2.4 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday, following the latest data on inventories, trade and consumer spending this week.That is lower than the 2.8 percent growth for the third quarter estimated on Sept. 28, the Atlanta Fed said on its website and said its forecast of third-quarter real consumer spending growth fell from 3.0 percent to 2.7 percent, in the wake of Friday's personal income and spending data for August..

Read more on the story here

#Atlanta #FederalReserve #personalincome

amazon smile for pragnya.png
Our Non- Profit Partners
pragnya_logo.png
RDH_listen_live.png
LOCAL EVENTS
BAY AREA NEWS