Daily Archives: Jun 25, 2019 at 06:37 am EDT

Median US Q2 GDP Growth Estimate Continues To Hold At 2.0%

Projected US economic output for the second quarter is holding steady at 2.0%, based on the median for a set of nowcasts compiled by The Capital Spectator. The estimate reflects a slowdown from Q1’s 3.1% gain, but the softer increase in expected economic activity for the current quarter appears to have stabilized. Today’s median nowcast is unchanged from the moderate 2.0% estimate published two weeks ago.

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Macro Briefing: 25 June 2019

Iran says new sanctions end diplomacy with US: NBC
US tariffs on China reshaping global trade: Bloomberg
Trump attacks the Federal Reserve, again, in tweets: WSJ
Gold rally continues, rising to highest price since 2013: MW
US dollar falls to 3-month low against euro: Reuters
Biggest US banks pass Federal Reserve’s stress test: P&I
Manufacturing growth in Texas picked up in June: Dallas Fed
Below-trend US expansion continued in May: Chicago Fed