Q2 GDP Tracking: Around 2%

By July 7, 202325 views

the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

From BofA: Overall, data since our last weekly publication moved down our 2Q GDP tracking
estimate from 1.5% q/q saar to 1.4%. [July 7th estimate]
emphasis addedFrom Goldman: The details of the trade balance report were slightly softer than our previous assumptions, and we lowered our Q2 GDP tracking estimate by one tenth to +2.2% (qoq ar). [July 6th estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.1 percent on July 6, up from 1.9 percent on July 3. [July 6th estimate]