Atlanta Fed GDPNow trimmed to 2.0% from 2.1%

Author: Adam Button | Category: News

The shift comes after today's new home sales report

The Atlanta Fed tracker has generally been ticking higher over the past six weeks but takes a small step backwards here.

"After this morning's new residential construction release from the U.S. Census Bureau, the nowcast of second-quarter real residential investment growth inched down from 0.4 percent to 0.3 percent," the report says.

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