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

NEW YORK (Reuters) - The U.S. economy is expanding at a 4.0 percent annualized rate in the second quarter in the wake of the latest data on domestic vehicle sales, trade balance and factory orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.

The latest estimate on gross domestic product growth was a tad lower than the 4.0 percent pace calculated on Tuesday, the Atlanta Fed said.

(Reporting by Richard Leong)

You May Also Be Interested In

• Trump threatens tariffs on all cars and trucks to 50% amid Canada trade spat
• US Treasury to broaden scope of secondary sanctions on Iran, source says
• China's Xi likely to visit India with big delegation for first time in seven years