Atlanta Fed GDPNow Q2 tracker jumps to 2.1% from 1.4%
GDP estimate higher after retail sales
The Atlanta Fed now sees better signs on second quarter growth:
"After this morning's retail sales release from the U.S. Census Bureau, and this morning's industrial production report from the Federal Reserve Board of Governors, the nowcast of second-quarter real personal consumption expenditures growth increased from 3.2 percent to 3.9 percent."
We will get the NY Fed numbers later today.