Reuters

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve's forecast model showed on Friday.

 

The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.

 

(Reporting by Richard Leong)