by Calculated Risk on 5/04/2018 02:55:00 PM

From Merrill Lynch:

We revise down our 2Q GDP forecast to 3.2% from 3.7% as consumer spending and capex trends appear less bullish and there is a weak handoff between 1Q and 2Q. [May 4 estimate].
emphasis added

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.0 percent on May 3, down from 4.1 percent on May 1. [May 3 estimate]

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 3.0% for 2018:Q2. [May 4 estimate]

CR Note: These early estimates suggest GDP in the 3% to 4% in Q2.