[May 21, 2016]WASHINGTON (Reuters) - The
U.S. economy is on track to expand at an annualized rate
of 1.7 percent in the second quarter, half a percentage
point higher than estimated a week earlier, the New York
Federal Reserve said on Friday.
Positive news came from manufacturing and housing data and were
only slightly offset by negative news from survey data, the New
York Fed said in a report.
(Reporting by David Chance; Editing by Chizu Nomiyama)