The Atlanta Fed GDPNow growth model for 3Q growth ticked up to 2.9% from 2.7% last after today's data. That is the highest growth estimate for the 3rd quarter. It is also up...
GDP +5.4% vs +5.1% y/y second estimateThe upwards revision may look positive at first glance but the details are less rosy. The better-than-estimated growth in Q1 was largely driven by a rise in...