U.S. on track to grow 1.1 pct in Q3-Atlanta Fed

October 28, 2015 4:21 PM

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NEW YORK Oct 28 The U.S. economy is on track to grow 1.1 percent in the third quarter after data showed a shrinkage in the country's trade deficit in goods in September, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.

This was a faster growth rate from the regional Fed's prior estimate of 0.8 percent on Tuesday, the Atlanta Fed said on its website.

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