Atlanta Fed raises U.S. second-quarter GDP view to 1.3% By –

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© -. Trucks offload containers from ship on the port of Los Angeles in Los Angeles, California

NEW YORK (-) – The U.S. financial system is rising at a 1.3% annualized price within the second quarter primarily based on home building spending knowledge in April, the Atlanta Federal Reserve’s GDPNow forecast mannequin confirmed on Monday.

This was a contact sooner than the 1.2% tempo estimated by Atlanta Fed’s GDP program on Friday.

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