The U.S. economy is on track to expand at a 0.5 percent annualized pace in the first quarter following data on March retail sales and consumer prices released on Friday, the Atlanta Federal Reserve’s GDP Now forecast model showed.
Stocks , Dollar and Yields under Geopolitical and Economic Pressure
The latest first-quarter gross domestic product estimate was lower than the 0.6 percent growth rate calculated on April 7, the Atlanta Fed said on its website.
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