Trade weighs

Trade weighs

The Atlanta Fed Q2 GDP tracker is back below 2% as the drag from trade and inventories outweighed shipments.

"After this morning's Advance Economic Indicators and durable manufacturing reports from the U.S. Census Bureau, the nowcasts of the contributions of net exports and inventory investment to second-quarter real GDP growth changed from 0.00 percentage points and -1.04 percentage points, respectively, to -0.38 percentage points and -0.80 percentage points, respectively," the report said.