Atlanta Fed lowers U.S. first quarter GDP view to 4.0 percent

NEW YORK (Reuters) – The U.S. economy is on track to grow at a 4.0 percent annualized rate in the first quarter in the aftermath of the government’s January payrolls report released last Friday, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

The latest estimate on gross domestic product was slower than the 5.4 percent growth pace calculated on Feb. 1, the Atlanta Fed said.

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