Q2 estimate moves from 1.95% to 2.04%
Old news (it was released a few hours ago), but for good order, the NY Fed GDP Nowcast estimate for Q1 comes in at 1.40% for the 1st quarter. That is unchanged from last week. Below are the contributors and non-contributors given the releases this week. By the way, the Atlanta Fed estimate moved up to 2.3% on April 8th (from 2.1%). Their next estimate will not be until Wednesday April 17.
For what it is worth, the 2Q GDP is estimated at 2.04% vs 1.95% last week. CPI final demad was a big contributor.