Atlanta Fed leaves U.S. second quarter GDP growth view at 2.9 percent

FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia

NEW YORK (Reuters) – The U.S. economy is growing at a 2.9 percent annualized pace in the second quarter based on the latest data on durable goods orders and new home sales in May, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.

The latest second-quarter gross domestic product estimate was unchanged from the previous reading calculated on June 16, the Atlanta Fed said.

(Reporting by Richard Leong)