Goldman raises 2Q GDP tracker to 3.7% from 3.4% last

A good increase and strong growth projected.

The 1Q may not have been the 3% that the Trump administration was hoping, but Goldman expects a decent rebound in the 2Q.

Their GDP tracker for the 2Q has been raised to 3.7% annualized from 3.4% previously.

If you average the 2.2% and the 3.7%, you get 2.95% which would be good enough to keep the Fed on a track for gradual tightenings.

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