Atlanta Fed shaves U.S. fourth-quarter 2018 GDP view to 1.8 percent

February 26, 2019

NEW YORK (Reuters) – The U.S. economy likely grew at a 1.8 percent annualized rate in the fourth quarter, based on a steeper-than-forecast 11.2 percent drop in housing starts in December, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

This was slightly slower than the 1.9 percent pace for fourth-quarter gross domestic product that the Atlanta Fed’s GDP program calculated on Monday.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Comments (No)

Leave a Reply