GDPNow GDP Estimates

First-Quarter GDP Growth Estimate Decreased

On April 26, the GDPNow model estimate for real GDP growth in the first quarter of 2023 is 1.1 percent, down from 2.5 percent on April 18.

This is the last GDPNow forecast for the first quarter. The first GDPNow

https://www.atlantafed.org/cqer/research/gdpnow.aspx

That looks like a good "Goldilocks" number, not enough to bring Recession Fears, but enough to make the Fed go slow or even pause.
 
The soft landing scenario seems to be real. So why the inverted 2/10 yield curve for over a year?

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Initial Estimate of Third-Quarter GDP Growth Is 3.5 Percent

On July 28, the initial GDPNow model estimate for real GDP growth in the third quarter of 2023 is 3.5 percent.

https://www.atlantafed.org/cqer/research/gdpnow.aspx
 
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