The U.S. economy is likely growing at a 3.01 percent annualized pace in the second quarter, slower than the 3.20 percent pace estimated a week earlier, the New York Federal Reserve’s The New York Federal Reserve has changed its estimate for US gross domestic product growth for Q2 2018 , from an annual rate of 3.20 % to 3.01 % , according to its Nowcast model . The change follows a slowdown in the construction of new homes and demand for durable goods .
The New York Federal Reserve has changed its estimate for US gross domestic product growth for Q2 2018 , from an annual rate of 3.20 % to 3.01 % , according to its Nowcast model . The change follows a slowdown in the construction of new homes and demand for durable goods .