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N.Y. Fed leaves U.S. second-quarter GDP growth view at 2.17 percent
June 2, 2017 / 3:32 PM / 2 months ago

N.Y. Fed leaves U.S. second-quarter GDP growth view at 2.17 percent

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A customer pushes a shopping cart at a Walmart in Chicago, Illinois, U.S. November 23, 2016.Kamil Krzaczynski

NEW YORK (Reuters) - The New York Federal Reserve said on Friday it left its tracking estimate on U.S. gross domestic product in the second quarter at 2.17 percent, unchanged from a week ago, based on this week's data on jobs, trade, consumer spending and factory activity.

The regional central bank's "Nowcast" model showed U.S. GDP for the third quarter would expand at a 1.82 percent rate, slower than the 1.99 percent clip it calculated a week earlier.

Reporting by Richard Leong

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