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Early Q2 GDP Tracking: Wide Range


From BofA: Overall, incoming data this week pushed down our 1Q US GDP tracking estimate from 1.0% q/q saar to 0.9% q/q saar. [May 12th estimate]
emphasis addedAnd from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.7 percent on May 8, unchanged from May 4 after rounding. [May 8th estimate]

Part 2: Current State of the Housing Market; Overview for mid-April

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