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Atlanta and New York Fed forecasts see weaker Q2 GDP

NoteData: New York Fed and Atlanta Fed; Chart: Axios Visuals

Ahead of today's second quarter U.S. GDP report, estimates from economists and market analysts have varied from as low as 1% to higher than 3% after a strong first quarter.

By the numbers: The forecasts from the Atlanta and New York Fed ended up uncharacteristically close to one another, suggesting a major slowdown from Q1's 3.1% year-over-year GDP gain.

Go deeper: The difficulty with predicting GDP