Atlanta Fed Q2 GDPNow forecast bumped to 1.3% from 1.2%

Slightly higher

The latest Atlanta Fed Q2 GDP tracker is 1.3%, up from 1.2% eight days ago.

"After the U.S. Census Bureau's releases on new home sales and construction costs on Thursday, May 23, the nowcast of second-quarter real residential investment growth increased from -4.0 percent to -1.6 percent," the release said.

The consensus for Q2 growth has slid to 2% from 2.6% in April.