by Calculated Risk on 6/17/2022 01:11:00 PM
We are now tracking 1.5% qoq saar growth for 2Q, down from 2.5% qoq saar previously as retail sales were weak in May. [June 17 estimate]
We left our Q2 GDP tracking estimate unchanged at +2.8% (qoq ar). (Lowered it yesterday from 3.0%) [June 17 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 0.0 percent on June 16, unchanged from June 15 after rounding. [June 16 estimate]
What's your reaction?