(Reuters) - The U.S. economy could grow 3 percent or more in the second quarter of this year and the housing market is likely to pick up again after recent sluggishness, a U.S. Federal Reserve official said on Sunday.
Asked about his economic growth forecast for the second quarter, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told reporters:
"It is little early to say based on data. But I am pretty confident it will be at or exceed 3 percent in the second quarter." "...Generally, I see the housing market improving and contributing to this picture of a better economy," he said after addressing a business event in Dubai.
reuters.com
Asked about his economic growth forecast for the second quarter, Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, told reporters:
"It is little early to say based on data. But I am pretty confident it will be at or exceed 3 percent in the second quarter." "...Generally, I see the housing market improving and contributing to this picture of a better economy," he said after addressing a business event in Dubai.
reuters.com
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