Initial Atlanta Fed GDPNow estimate for Q2 at 1.8% via ForexLive

The FOMC will be looking for a better bounce than that The tracking estimate from the Atlanta Fed was nearly bang-on the advance Q1 GDP report at 0.6% vs 0.5% reported. The economists there are now moving on to the current quarter and their first estimate was +1.8%. They don't offer any insight into how they arrived at that number but it's at the extreme low end of what economists are forecasting.

posted via ForexLive