Q2 GDP Forecasts: Mid 1% Range

From Merrill Lynch: We lowered 2Q GDP tracking by 0.2pp to 1.6% , while 1Q remained unchanged at 2.9% [May 24 estimate] emphasis added From Goldman Sachs: We lowered our Q2 GDP tracking estimate by one tenth to +1.5% (qoq ar) [May 23 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 . News from this week's data releases decreased the nowcast for 2019:Q2 by 0.4 percentage point. Negative surprises from the Advance Durable Goods Report drove most of the decrease. [May 24 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for ......(read more)

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