July 3, 2019 / 3:44 PM / 4 months ago

Atlanta Fed pares U.S. second-quarter GDP growth view to 1.3%

NEW YORK (Reuters) - The U.S. economy is expanding at a 1.3% annualized rate in the second quarter based on the latest figures on trade balance and factory orders, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

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

Reporting by Richard Leong

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