Q2 GDP Forecasts: Moving on Down

From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.4 percent on July 14, down from 2.6 percent on July 11. The forecast of second-quarter real personal consumption expenditures growth declined from 3.1 percent to 2.9 percent after this morning's retail sales report from the U.S. Census Bureau and this morning's Consumer Price Index release from the U.S. Bureau of Labor Statistics. From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.9% for 2017:Q2 and 1.8% for 2017:Q3. From......(read more)

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