NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.4 percent annualized pace in the third quarter based on the latest data on industrial output, home sales and durable goods orders, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
The latest third-quarter gross domestic product estimate was weaker than the one for a 3.8 percent growth calculated on Aug. 16, the Atlanta Fed said.