Latest economic data balances out
The second reading on Q2 growth still suggests the US economy will grow at a 1.8% pace in Q2.
"The forecasts for second-quarter real residential investment growth and real nonresidential structures investment growth increased after this morning’s release from the U.S. Census Bureau," the Atlanta Fed said. "These were offset by declines in the forecasts of real equipment investment growth and real consumer spending growth following the On Business from the Institute for Supply Management.
