Atlanta Fed lowers U.S. first quarter GDP estimate to 2.5 percent

NEW YORK (Reuters) – The U.S. economy is on track to expand at a 2.5 percent annualized rate in the first quarter as weaker-than-income wage growth in February lowered expected consumer spending and investment, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

The latest estimate on gross domestic product was slower than the 2.8 percent growth pace calculated on March 7, the Atlanta Fed said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.