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Atlanta Fed trims U.S. second-quarter GDP forecast to 1.1% from 1.6%

(Reuters) - The U.S. economy is expanding at a 1.1% annualized rate in the second quarter, based on weaker-than-expected April data on retail sales and industrial output, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday. This was slower than the 1.6% pace estimated by Atlanta Fed's GDP program on...

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