It was a great week for US GDP. Q1 was revised much higher due to the surprise move and now Q2 indications look stronger.

The Atlantic Fed raised its 2Q tracker to 2.2% from 1.8%:

“Following recent reports from the U.S. Census and the U.S. Bureau of Economic Analysis, current second-quarter real personal consumption expenditure growth and second-quarter real gross private domestic investment growth increased to 1.1 percent from 0.9 percent and 8.6 percent, respectively . percent and 10.4 percent, while the current contribution of the change in real net exports to real GDP growth in the second quarter decreased from -0.71 percentage point to -0.75 percentage point.”

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