Q1 GDP is due on Friday
The New York Fed is out with its final Nowcast GDP estimate ahead of Q1 advance GDP on Friday. The estimate ticked up to 2.91% from 2.79% a week ago.
That's far higher than the Atlanta Fed, which pegged its tracking estimate at 2.0% yesterday. The consensus of economists is 2.0% right now but the range is from 1.3% to 2.8%.