Atlanta Fed GDPNow estimate for Q2 growth remains unchanged at 3.2% (or is it 3.3%) ...Middle East

The Atlanta Fed GDPNow growth estimate for Q2 remains unchanged 3.2% after data this morning. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.3 percent on May 2, unchanged from May 1 after rounding. After this morning’s international trade report from the US Census Bureau and the US Bureau of Economic Analysis and the M3-2 manufacturing report by the US Census Bureau, increases in the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth from 3.1 percent and 4.0 percent, respectively, to 3.2 percent and 4.1 percent were offs

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