Goldman Sachs cuts 2Q GDP tracker to 1.5% from 1.6%
Lowers GDP estimate for 2Q growthGoldman Sachs has cut its second-quarter GDP tracker to 1.5% from 1.6%. That is still above the Atlanta Fed GDPNow estimate at 1.2%. The Atlanta Fed will update their GDP tracker tomorrow.
The NY Fed will also update their GDP estimate tomorrow. Last week, there estimate came in at 1.8% down from 2.2% in the previous week.