Goldman slashes its Q2 U.S. GDP growth forecast to 1.1% from a prior 1.3%. A 0.5% M/M drop in...

|By:, SA News Editor
Goldman slashes its Q2 U.S. GDP growth forecast to 1.1% from a prior 1.3%. A 0.5% M/M drop in retail sales (worse than a consensus for a 0.2% gain) is the main reason for the revision, though the firm also makes note of mixed Empire manufacturing survey data.