Q2 GDP Forecasts: 1.4% to 2.3%

From Merrill Lynch: Strong retail sales in June boosted our 2Q GDP tracking by 0.6pp to 2.3% qoq saar . [July 19 estimate] emphasis added From Goldman Sachs: We left our Q2 GDP tracking estimate unchanged at +1.4% (qoq ar). [July 17 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.9% for 2019:Q3. [July 19 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.6 percent on July 17, unchanged from July 16. [July 17 estimate] CR Note:......(read more)

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