A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.

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* A key source of US economic strength: workers don’t fear layoffs
* Commercial real estate woes weigh on cities’ finances
* Copper price surges amid concerns over supply risk
* Retail sales in US rebound in February after January’s steep decline
* US jobless claims remain low for week through Mar. 9
* US producer price inflation is hotter than expected for February:

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