Atlanta Fed leaves U.S. first quarter GDP view at 0.5 percent

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 0.5 percent annualized pace in the first quarter following data on housing starts and industrial output in March, the Atlanta Federal Reserve's GDP Now forecast model showed.

The latest first-quarter gross domestic product estimate was unchanged from the growth rate calculated on April 14, the Atlanta Fed said on its website.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

You May Also Be Interested In

• FOMC minutes from July 28-29th meeting
• Citi says positioning risk is shifting from short squeezes to profit-taking
• Business Inventories (Jun) 0.0% vs 0.1% Expected