IOW, the CBO is wrong?
They are calling for 1.5% for the year. I’ll be surprised if it’s that low. That’s on the low end of my 1.5-2% range. Job growth +200K for the last six months is indicative of a 2%+ growth range but the 1st quarter was a killer for the year.
GDP 1st revision 4.2% vs 3.9% consensus estimate