July 26, 2018 / 2:16 PM / 3 months ago

Atlanta Fed lowers U.S. second-quarter GDP view below 4 percent

NEW YORK (Reuters) - The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.

The latest estimate on gross domestic product growth was slower than the 4.5 percent pace estimated on July 18, the Atlanta Fed said.

Reporting by Richard Leong

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