May 9, 2017 / 4:39 PM / 3 months ago

Atlanta Fed lowers U.S. second-quarter GDP growth view to 3.6 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 3.6 percent annualized pace in the second quarter following the latest payrolls and wholesale inventory data, the Atlanta Federal Reserve's GDP Now forecast model showed on Tuesday.

The latest second-quarter gross domestic product estimate was weaker than the 4.2 percent growth rate calculated on May 4, the Atlanta Fed said on its website.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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