Atlanta Fed's GDP Tracker Jumps to 2.8% for First Quarter

The economy appears to be growing at nearly twice the pace the Federal Reserve expected at the close of last year, adding to doubts about whether the central bank will cut interest rates later this year. The Atlanta Fed’s GDPNow tracker, which estimates gross domestic product based on incoming economic data, rose on Monday to indicate a 2.8 percent rate of growth in the first quarter, up from the reading of 2.3 percent last week. This is the first reading of growth in the January through March period since the...