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First-quarter gross domestic product was on track to grow 0.5
percent, which was lower than the 0.6 percent growth rate
calculated on April 7, the Atlanta Fed said.
The New York Fed said on Friday its first-quarter GDP forecast
was 2.09 percent, down from 2.56 percent a week earlier.
On Friday, the U.S. Commerce Department said retail sales fell
0.2 percent in March following a 0.3 percent decrease in
February, which was the first and biggest decline in nearly a
year.
Meanwhile, the Labor Department said its Consumer Price Index
declined 0.3 percent last month. This was the first decline in
13 months and biggest decrease since January 2015 amid falling
prices for gasoline and mobile phone services, which offset
rising rents and food costs.
U.S. financial markets were closed for the Good Friday holiday,
while government offices were open.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
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