Atlanta Fed: GDPNow model forecast for real GDP growth Q2 of 2017 is 2.7%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.7 percent on June 30, down from 2.9 percent on June 26," said the Federal Reserve Bank of Atlanta on Friday.

• "The forecast of the contribution of net exports to second-quarter real GDP growth fell from –0.34 percentage points to –0.51 percentage points after Wednesday's advance release on inventories and international trade in goods from the U.S. Census Bureau."