April 7, 2017 / 4:09 PM / 4 months ago

Atlanta Fed halves U.S. first-quarter GDP view to 0.6 percent

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 0.6 percent annualized pace in the first quarter following the latest data on vehicle sales, services activity, payrolls and wholesale trade, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.

The latest first-quarter gross domestic product estimate was slower than the 1.2 percent growth rate calculated on Tuesday, the Atlanta Fed said on its website.

Reporting by Richard Leong

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