Goldman Sachs cuts GDP tracker to 0.4% from 0.6%
They equal the Atlanta Fed estimate now
Goldman Sachs has cut their GDP tracker for the 1Q to 0.4% from 0.6%. That is now in line with the Atlanta Fed (also at 0.4%). The New York Fed GDP Now was released earlier. They see growth at 1.5%.- little changed from last week.
Goldman cites weaker utility consumption and less business capital investment.