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Atlanta Fed trims U.S. second-quarter GDP growth view to 4.2 percent
May 4, 2017 / 4:35 PM / 6 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

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