Atlanta Fed GDPNow estimate rises to 3.8% from 3.7%

Atlanta Fed 2Q GDP estimate

The Atlanta Fed is out with their most recent estimate for 2Q. They now see GDP at 3.8% vs 3.7% from May 26th.

In their words:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 3.8 percent on May 30, up from 3.7 percent on May 26. The forecast for second-quarter real consumer spending growth increased from 2.9 percent to 3.3 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis.

The next GDPNow update is Thursday, June 1.