Atlanta Fed Raises U.S. Third-Quarter GDP Outlook to 3.8 Percent, According to Reuters

U.S. Economy Projected to Grow at 3.8% Rate for Third Quarter

The U.S. economy is expected to expand at an annualized rate of 3.8 percent in the third quarter, according to the latest data on payrolls and the trade balance, as indicated by the Atlanta Federal Reserve’s GDP Now forecast model.

This revised estimate for third-quarter GDP shows a slight increase from the previous day’s figure of 3.7 percent, as reported by the Atlanta Fed.