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Atlanta Fed GDPNow Q2 tracker +1.9% vs +2.2% prior

It's easy-come-easy-go for the Atlanta Fed's GDP tracker as it rose to 2.2% from 1.8% on Friday and now has given most of that back in a dip to 1.9%.The first look at Q2 GDP is due on July 27 but, as a reminder, the numbers are revised many times. Just last week, the Q1 number was boosted to 2.0% from 1.4%.The catalyst for the latest downgrade was today's ISM report:"After this morning’s construction spending release from the US Census Bureau and the Manufacturing ISM Report On Business from th... Read More

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Posted: Jul 3 2023, 17:53

Author Name: forexlive

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