Atlanta Fed trims U.S. second-quarter GDP growth view to 2.0%

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.0% annualized rate in the second quarter based on data that showed a 0.9% drop in domestic housing starts in May, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.

This was a tad slower than the 2.1% pace estimated by Atlanta Fed's GDP program on June 14.

(Reporting by Richard Leong)

You May Also Be Interested In

• Exclusive: Mews wins EMI license, clearing way to hold hotel funds in EEA
• US Senate passes Russia sanctions championed by Graham; US House next
• Alcon rises on profit guidance hike, lowered tariff impact estimate