The Atlanta Fed GDPNow growth estimate for Q2 jumped to 4.2% versus 3.3% last. That is a big jump and underscores the solid growth in the economy and the Fed's cautious stance. IN their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 4.2 percent on May 8, up from 3.3 percent on May 2. After recent releases from the US Bureau of Economic Analysis, the US Census Bureau, the Institute for Supply Management, and the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 3.2 percent and 4.1 percent, resp
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