NEW YORK (Reuters) - The U.S. economy is on track to expand at a 4.2 percent annualized pace in the second quarter as a drop in vehicle sales in April was offset by a rise in inventory in March, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.
The latest second-quarter gross domestic product estimate was slightly slower than the 4.3 percent growth rate calculated on May 1, the Atlanta Fed said on its website.