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Title : U.S. Economy GDP At 4%?
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U.S. Economy GDP At 4%?

Reuters: N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic

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activities.

The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace of 3.98 percent in the fourth quarter, quicker than the 3.92 percent rate calculated a week ago.

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WNU Editor: This is the definition of a booming economy .... Dow rises 5,000 points in a year for the first time ever (CNBC). But many are still skeptical (see above graph) .... Economic optimism soars, boosting Trump's approval rating: CNBC survey (CNBC).

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