JPMorgan raises US Q2 GDP forecast to 3.5% from 3.0% (update: Others too)

The first looks at Q2 GDP is due tomorrow

Expect lots of talk about GDP today with many final revisions upcoming today, including the closely-watch Atlanta Fed tracker.

In light of today's strong durable goods orders report, JPMorgan bumped up its forecast to 3.5% from 3.0%.

The consensus remains 2.5% after a sluggish 1.4% rise in Q1. Estimates range from 1.8% to 3.3%.

Update: Goldman Sachs also raised its estimate to 2.2% from 1.9% and Barclays to 2.7% from 2.4%.