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Atlanta Fed raises U.S. second quarter GDP view to 3.9 percent

Kitco News

NEW YORK (Reuters) - The U.S. economy is growing at a 3.9 percent annualized rate in the second quarter following the latest data on domestic wholesale inventory and producer prices, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday.

The latest estimate on gross domestic product growth was faster than the 3.8 percent pace estimated on July 6, the Atlanta Fed said.

Reporting by Richard Leong

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