Atlanta Fed US Q1 GDPNow 2.1% vs 2.3% prior

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.

This article was written by Adam Button at www.forexlive.com.