Atlanta Fed raises U.S. second-quarter GDP growth view to 3.8 percent

May 30, 2017 NEW YORK (Reuters) – The U.S. economy is expected to grow at a 3.8 percent annualized pace in the second quarter based on a report that showed an increase in personal spending in April, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday. The latest second-quarter gross domestic product estimate was faster than the 3.7 percent clip calculated on May 26, the Atlanta Fed said. (Reporting by Richard Leong; Editing by Chizu Nomiyama) Powered by WPeMatico

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