Atlanta Fed trims U.S. fourth-quarter GDP growth view to 2.5 percent

Dennis Lockhart of the Atlanta Fed takes part in a panel convened to speak about the health of the U.S. economy in New York

NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.5 percent annualized pace in the fourth quarter following latest data on personal spending, investment and home resales, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday.

The latest fourth-quarter GDP estimate was lower than the 2.6 percent growth rate calculated on Dec. 16, the Atlanta Fed said on its website.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)