Atlanta Fed lowers U.S. second quarter GDP view to 1.2% By Reuters

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Atlanta Fed lowers U.S. second quarter GDP view to 1.2%

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NEW YORK (Reuters) – The U.S. economy is expanding at a 1.2% annualized rate in the second quarter as a private report showed growth in domestic manufacturing activity cooled to its slowest pace in nine months in April, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

This was a tad slower than the 1.3% pace estimated by Atlanta Fed’s GDP program on Monday.

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