The Atlanta Fed GDPNow forecast for Q2 growth dips to 2.4% from 2.6% last. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.4 percent on July 17, down from 2.6 percent on July 9. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, the nowcast of second-quarter real personal consumption expenditures growth declined from 1.6 percent to 1.5 percent.
The next GDPNow update is Friday, July 18. Please see the “Release Dates” tab below for a list of upcoming releases.
This article was written by Greg Michalowski at www.forexlive.com.