No Recession In These Numbers

Today’s batch of economic indicators resulted in an increase in the Atlanta Fed’s GDPNow tracking model to 2.5% real growth for Q2, up from 1.8%.

The “nowcasts” of real personal consumption expenditures growth, real gross private domestic investment growth, and real government spending growth increased from 4.3% to 4.8%, -2.8% to -1.3%, and 1.4% to 1.6%, respectively. There’s no recession suggested by those numbers.