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Atlanta Fed trims U.S. second-quarter GDP view to 2.6 percent
July 11, 2017 / 4:25 PM / in 3 months

Atlanta Fed trims U.S. second-quarter GDP view to 2.6 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.6 percent annualized pace in the second quarter based on the latest data on domestic payrolls and wholesale inventories, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday.

FILE PHOTO - A crane flies an American flag over a construction site in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake

The latest second-quarter gross domestic product estimate was lower than the previous figure of 2.7 percent calculated on July 6, the Atlanta Fed said.

Reporting by Richard Leong; Editing by Jeffrey Benkoe

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