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Atlanta Fed trims U.S. first-quarter GDP growth view to 1.2 percent

Reuters

NEW YORK (Reuters) - The U.S. economy is on track to grow at a 1.2 percent annualized pace in the first quarter following the January data on domestic wholesale inventory, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday.

The latest first-quarter gross domestic product estimate was lower than the 1.3 percent growth rate calculated on Tuesday, the Atlanta Fed said on its website.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

 

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