June 7, 2019 / 3:50 PM / 12 days ago

Atlanta Fed trims U.S. second-quarter GDP growth view to 1.4%

NEW YORK (Reuters) - The U.S. economy is growing at a 1.4% annualized rate in the second quarter based on data that showed a weaker-than-forecast payrolls growth in May, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

This was a tad slower than the 1.5% pace estimated by Atlanta Fed’s GDP program on Thursday.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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