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On Tuesday, I explained how the Atlanta and New York Federal Reserve banks had much different views of how the economy was doing.

The New York Fed, in a reversal from earlier this year, thinks the economy is now doing poorly while the Atlanta Fed — also completely changing its earlier view — thinks things are great.

I called it the battle of the two Feds.

Well, on Tuesday the differences between the two Feds’ views narrowed. The New York Fed thinks the economy is growing at a 2.2 percent annual rate in the second quarter.

Meanwhile, the optimistic Atlanta Fed brought its forecast for second-quarter growth down to 3.8 percent, which is a big drop from the 4.1 percent it previously estimated.

Wall Street economists, for the most part, are siding with the lower, New York Fed estimate.

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