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    29.03.2016 08:38 Atlanta Fed cuts its GDP forecasts for the U.S.

    Atlanta Fed downgraded its GDP forecasts for the U.S. GDP is expected to be 0.6% in the first quarter, down from the previous estimate of 1.4%. The downward revision was driven by yesterday's release of the personal income and spending data.

    Consumer spending was lowered to 1.8% from 2.5%.

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