Atlanta Fed Leaves Second Quarter GDP Growth View at 2.9 Percent

The U.S. economy is growing at a 2.9 percent annualized pace in the second quarter based on the latest data on durable goods orders and new home sales in May, the Atlanta Federal Reserve’s GDP Now most recent forecast model showed.

The latest second-quarter gross domestic product estimate was unchanged from the previous reading calculated on June 16, the Atlanta Fed said.

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