June 9, 2017 / 3:33 PM / 5 months ago

New York Fed leaves U.S. second-quarter, third-quarter GDP view steady

NEW YORK (Reuters) - The New York Federal Reserve said on Friday its tracking estimate on U.S. gross domestic product in the second quarter stood at 2.25 percent, compared with 2.17 percent from a week ago, based on the few economic data releases this week.

People cross Broadway with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly

The regional central bank’s “Nowcast” model showed U.S. GDP for the third quarter would expand at a 1.80 percent rate, compared with the 1.82 percent pace it calculated a week ago.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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