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2 months ago
Atlanta Fed raises U.S. second quarter GDP growth view to 3.2 percent
June 14, 2017 / 3:58 PM / 2 months ago

Atlanta Fed raises U.S. second quarter GDP growth view to 3.2 percent

NEW YORK (Reuters) - The U.S. economy is growing at a 3.2 percent annualized pace in the second quarter based on data on May retail sales and consumer prices, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday.

The latest second-quarter gross domestic product estimate was stronger than the previous reading of 3.0 percent calculated on June 9, the Atlanta Fed said.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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