Atlanta Fed Q2 GDPNow +1.7% vs +1.2% prior

Atlanta Fed bumps Q2 growth forecast

It's still very early in the quarter and we're 3 months away from the advance reading on GDP, so take it with a grain a salt.

"After this morning's Advance Economic Indicators release from the U.S. Census Bureau, and this morning's employment report from the U.S. Bureau of Labor Statistics, the nowcast of the contribution of inventory investment to second-quarter real GDP growth increased from -1.52 percentage points to -1.02 percentage points," the Atlanta Fed wrote.