NEW YORK (Reuters) - The U.S. economy is growing at a 1.08 percent pace in the first quarter based on this week's disappointing data on inflation, retail sales and industrial output, the New York Federal Reserve's Nowcast model showed on Friday.
This was slower than the 2.17 percent rate calculated by the N.Y. Fed model a week earlier.
(Reporting by Richard Leong)
This story has not been edited by Firstpost staff and is generated by auto-feed.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
Updated Date: Feb 16, 2019 00:05:18 IST