Bloomberg Increases 2Q GDP, CPI, Treasury Forecasts

Includes: AGG, IEF, SHY, SPY
by: Bespoke Investment Group

Hickey and Walters (Bespoke) submit: Over the next couple of weeks, second quarter GDP, Consumer Spending and CPI numbers will be released. Bloomberg recently published its monthly survey of 70 economists that provides estimates on the above economic indicators as well as the employment rate and various interest rates.

Below we highlight the current median estimates for the major categories of the poll. As shown, second quarter GDP and CPI estimates went up from the prior survey while Consumer Spending estimates went down. Estimates for 10-Year and 2-Year Treasury yields went up in the last month as well, presumably to catch up after the recent spike in rates.

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2q econ estimates