Atlanta Fed raises U.S. third-quarter GDP view to 3.6 percent

Economy

The U.S. economy is on track to grow at a 3.6 percent annualized rate in the third quarter on data that showed domestic housing starts unexpectedly rose to a five-month high in July, the Atlanta Federal Reserve's GDP Now forecast model showed on Tuesday.

The latest third-quarter GDP estimate was higher than the 3.5 percent figure calculated last Friday, the Atlanta Fed said on its website.

Source by Reuters