U.S. economy seen growing one percent in fourth quarter: Atlanta Fed

That pace is faster than the regional Fed's prior estimate of 0.7 percent growth on Monday, the Atlanta Fed said on its website.

The government reported the trade gap shrank to $42.4 billion in November from an upwardly revised $44.6 billion in October. This resulted in the model to estimate net exports added 0.2 percentage point to the gross domestic product in the fourth quarter, compared with an estimate of a 0.2 point drag on Monday.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)