April 26, 2018 / 2:43 PM / 3 months ago

Atlanta Fed leaves U.S. first quarter GDP growth view at 2 percent

NEW YORK (Reuters) - The U.S. economy likely grew at a 2.0 percent annualized rate in the first quarter as a drop in advanced trade goods in March offset a decline in core capital goods orders last month, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.

FILE PHOTO: Construction is seen in downtown Los Angeles, California U.S. November 28, 2017. REUTERS/Lucy Nicholson

The latest estimate on gross domestic product was unchanged from the growth rate estimated on April 17, the Atlanta Fed said.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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