Atlanta Fed trims U.S. second-quarter GDP view to 2.6 percent

NEW YORK (Reuters) - The U.S. economy is expanding at a 2.6 percent annualized pace in the second quarter based on the latest data on domestic payrolls and wholesale inventories, the Atlanta Federal Reserve's GDP Now forecast model showed on Tuesday.

The latest second-quarter gross domestic product estimate was lower than the previous figure of 2.7 percent calculated on July 6, the Atlanta Fed said.

(Reporting by Richard Leong; Editing by Jeffrey Benkoe)

You May Also Be Interested In

• US weekly jobless claims increase less than expected
• Tech specialist explains why China memory fears are overblown
• Citadel buys most of Situational's stock holdings after AI share rout, sources say