BUSINESS Atlanta Fed raises US second quarter GDP view to 4.8 percent

BUSINESS

Atlanta Fed raises US second quarter GDP view to 4.8 percent

Reuters

05:35, June 15, 2018

捕获.PNG

The YM Bamboo, a container ship operated by the China Ocean Shipping Company (COSCO) is docked at the Port of Oakland in Oakland, California January 14, 2011. (Photo: Reuters)

The US economy is growing at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday, following data that showed domestic retail sales grew at its strongest pace in six months in May.

The latest estimate on gross domestic product growth was faster than the 4.6 percent pace estimated on June 8, the Atlanta Fed said.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue