Atlanta Fed Lowers Third-Quarter GDP Growth View to 2.2 Percent

The U.S. economy is on track to grow at a 2.2 percent annualized pace in the third quarter based on the surprise declines in industrial output and retail sales in August, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday.

The latest third-quarter gross domestic product estimate was slower than the 3.0 percent growth rate calculated on Sept. 8, the Atlanta Fed said.

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