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N.Y. Fed leaves U.S. second-quarter GDP growth view at 2.17 percent
June 2, 2017 / 3:32 PM / in 6 months

N.Y. Fed leaves U.S. second-quarter GDP growth view at 2.17 percent

NEW YORK (Reuters) - The New York Federal Reserve said on Friday it left its tracking estimate on U.S. gross domestic product in the second quarter at 2.17 percent, unchanged from a week ago, based on this week’s data on jobs, trade, consumer spending and factory activity.

A customer pushes a shopping cart at a Walmart in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski

The regional central bank’s “Nowcast” model showed U.S. GDP for the third quarter would expand at a 1.82 percent rate, slower than the 1.99 percent clip it calculated a week earlier.

Reporting by Richard Leong

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