Atlanta Fed GDPNow Q1 estimate continues to slide. Now at 1.5% vs 1.7% prior | Forexlive

The first quarter is over but it will take awhile to tally up the economic data. However the tracker from the Atlanta Fed does a decent job and certainly shows which way the wind is blowing. It was above 3% not long ago but is now down to 1.5% from 1.7% earlier this week.

“After recent releases from the US Census Bureau, the US Bureau of
Economic Analysis, and the Institute for Supply Management, a decrease
in the nowcast of first-quarter real personal consumption expenditures
growth from 3.7 percent to 3.4 percent was slightly offset by an
increase in the nowcast of first-quarter real gross private domestic
investment growth from -8.5 percent to -7.8 percent, while the nowcast
of the contribution of the change in real net exports to first-quarter
real GDP growth decreased from 0.44 percentage points to 0.29 percentage
points.”