May 4, 2017 / 4:34 PM / 7 months ago

Atlanta Fed trims U.S. second-quarter GDP growth view to 4.2 percent

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 4.2 percent annualized pace in the second quarter as a drop in vehicle sales in April was offset by a rise in inventory in March, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday.

The latest second-quarter gross domestic product estimate was slightly slower than the 4.3 percent growth rate calculated on May 1, the Atlanta Fed said on its website.

Reporting by Richard Leong; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below