by Mike ‘Mish’ Shedlock
Mish Talk
In the wake of a construction report that was far far weaker that it looked even with upward revisions, the Atlanta Fed GDFPNow Model for second quarter GDP dipped 0.4 percentage points to 2.5%.
Rate hike odds for June were flat at 22.5%, but July hike odds dipped a bit to 57.6%.
Latest forecast: 2.5 percent — June 1, 2016