GDPNow

It's still early days in the quarterly forecasting cycle but we're almost at the end of the calendar quarter. So far, I haven't seen any signs of any real trouble in the economy, though sentiment is awful and uncertainty is high.

After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, the Federal Reserve Board of Governors, and the Treasury's Bureau of the Fiscal Service, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real government expenditures growth decreased from 2.5 percent and 2.3 percent, respectively, to 1.9 percent and 2.1 percent, while the nowcast of second-quarter real gross private domestic investment growth increased from -1.9 percent to -1.4 percent.

The next update is tomorrow.

Source: Forex Live