Atlanta Fed’s GDPNow for second quarter of 2019 ticks down to 1.4%

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.4% on June 7, down from 1.5% on June 6,” the Federal Reserve Bank of Atlanta said. “The nowcast of second-quarter real government expenditures growth decreased from 2.0% to 1.7% after this morning’s employment report from the U.S. Bureau of Labor Statistics.”