The tracker from the Atlanta Fed is falling to levels that are more consistent with the path of a slowing economy and rate cuts in H2.
The releases said:
After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, and the Federal Reserve Board of Governors, the nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 2.2 percent and 3.0 percent, respectively, to 1.9 percent and 2.7 percent.
