GDPNow Forecast Dips to 2.5% Following Construction Report; Rate Hike Odds Dip Slightly

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

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