Business

N.Y. Fed leaves U.S. first-quarter, second-quarter GDP view little changed

N.Y. Fed leaves U.S. first-quarter, second-quarter GDP view little changed
FILE PHOTO - A transit train passes a construction project in downtown Los Angeles. Photo: Reuters
Published: 11:05 PM, April 21, 2017

NEW YORK - The New York Federal Reserve said on Friday it left its outlook on U.S. gross domestic product in the first quarter and second quarter little changed from the preceding week following a mixed bag of economic data this week.

The regional central bank's "Nowcast" forecast program showed first-quarter GDP on track to expand at a 2.65 percent pace versus than the 2.64 percent rate calculated a week ago and second-quarter GDP on course to grow at 2.06 percent, compared with 2.09 percent a week ago. REUTERS