N.Y. Fed keeps U.S. first-quarter GDP view near 2.1 percent

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N.Y. Fed keeps U.S. first-quarter GDP view near 2.1 percentN.Y. Fed keeps U.S. first-quarter view near 2.1 percent

(Reuters) – The U.S. economy is growing at a 2.11 percent pace in the first quarter based on this week’s data on services sector activity and consumer prices, the Federal Reserve’s Nowcast model showed on Friday. [nL1N1Z70OW] [nL1N1ZA1QK]

This was little changed from the 2.12 percent rate calculated by N.Y. Fed’s program a week earlier.

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Source: Investing.com