by Calculated Risk on 6/21/2024 02:36:00 PM

From BofA:

Our 2Q tracking estimate is two tenths higher at 1.8% q/q saar largely due to stronger than expected May payrolls and weaker than expected May CPI and PPI [June 20th estimate]
emphasis added

From Goldman:

We lowered our Q2 GDP tracking estimate by 0.1pp to +1.9% (qoq ar) and our Q2 domestic final sales forecast by the same amount to +2.0%. [June 20th estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.0 percent on June 20, down from 3.1 percent on June 18. After this morning's housing starts report from the US Census Bureau, the nowcast of second-quarter real gross private domestic investment growth decreased from 8.8 percent to 8.3 percent. [June 18th estimate]