Atlanta Fed GDP Q2 tracker 1.8% vs 2.2% previously | Forexlive

The Atlanta Fed GDP tracker for Q2 was lowered by 0.4 percentage points.

After recent releases from the US Bureau of Labor Statistics, the US
Census Bureau, the Federal Reserve Board of Governors, and the US
Department of the Treasury’s Bureau of the Fiscal Service, the nowcasts
of second-quarter real personal consumption expenditures growth and
second-quarter real government spending growth decreased from 1.4
percent and 2.7 percent, respectively, to 0.9 percent and 2.3 percent.

It’s going to be rough second half if the Fed’s forecast for 1.0% GDP growth this year pans out.