US DATA: Q2 Philly Fed Profl Forecaster survey says “Growth in the
U.S. economy looks a little slower now than it did three months ago.
Panelists expect real GDP to grow at an annual rate of 3.2 percent this
quarter, down from the previous estimate of 3.5 percent. On an annual-
average over annual-average basis, the forecasters also predict slower
real GDP growth over the next four years. The forecasters see real GDP
growing 2.7 percent in 2011, down from their prediction of 3.2 percent
in the last survey.” They see a mixed labor mkt, est payrolls +191k/mo
in Q2 and +195k/mo in Q3. More on MNI Main wire.
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