The Atlanta Federal Reserve's second quarter GDPNow forecast was revised downward to 2.6%

On the 22nd, the Atlanta Federal Reserve Bank announced the forecast that the real gross domestic product growth rate of the United States for the second quarter of 2024 will be 2.6%, and it will decline from 2.7% as of 7/17 according to the GDPNow model forecast.

Meanwhile, after the announcement of the domestic wholesale business report by the Census Bureau, the real private sector gross domestic investment growth rate forecast declined from 8.9% to 7.7%.