The faster-than-expected retail sales report has Morgan Stanley and JPMorgan lifting their Q2...

|By:, SA News Editor

The faster-than-expected retail sales report has Morgan Stanley and JPMorgan lifting their Q2 GDP growth estimates. JPM's Mike Feroli: "The risks to our previous projection of 1.5% real GDP growth in Q2 are unbalanced, and we are revising our estimate up to 2%." Morgan Stanley ups its forecast to 1.5% from 1.2%.