By: Bloomberg Finance L.P. and Wells Fargo Economics
Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts.
The most significant highlights are:
- GDP Annualized (QoQ) declining from 4.9% to 1.7%
- Durable Goods Orders (MoM) declining from 5.4% to 1.5%
- New Home Sales increasing 7% from 590K to 634K
