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N.Y. Fed leaves U.S. third-quarter, fourth-quarter GDP view little changed

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10/12/2018 | 05:32pm CET

NEW YORK (Reuters) - U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week's inflation data, the New York Federal Reserve's Nowcast model showed on Friday.

It projected GDP in the fourth quarter is growing at a 2.77 percent rate versus a 2.80 percent pace estimated the week before.

(Reporting by Richard Leong)

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