N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster

NEW YORK (Reuters) – The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve’s forecast model showed on Friday.

The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.

(Reporting by Richard Leong)