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Traders hope Q2 GDP will clear up US growth quandary

Second-quarter GDP Friday may shed light on whether the U.S. economy bounced back from a first-quarter slump or is stuck in a rut.

According to Reuters, the consensus of economists is that the economy grew by 2.6 percent in the second quarter, but the Atlanta Fed on Thursday sent a shudder through markets when it came out with a new 1.8 percent forecast, off from 2.3 percent the day before.

The Atlanta Fed adjusted its growth number Thursday after a soft trade report.