U.S. fourth-quarter growth is likely to be revised higher after services industry data on Wednesday suggested a much stronger pace of consumer spending than the government had previously assumed, according to economists. The government last month slashed its gross domestic product estimate for the October-December quarter to a 2.4 percent annual pace from a previously reported 3.2 percent rate. JPMorgan and forecasting firm Macroeconomic Advisers said the quarterly services survey, from which the government's estimates for services consumption is derived, showed a much more robust pace of consumer spending in the ... (full story)