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The regional central bank's "Nowcast" model calculated the US economy was expanding at an annualized pace of 3.97 percent in the fourth quarter, faster than the 3.87 percent rate calculated a week ago.
The New York Fed said its latest tracking estimate on GDP growth for the first three months of 2018 showed a 3.45 percent growth rate, quicker than the 3.15 percent from a week earlier.