Job openings plummet, economic indices negative; Atlanta Fed slashes Q2 GDP forecast.

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Job openings are collapsing; the Bloomberg, Citi, and GS economic surprises indices are all below zero; and the Atlanta Fed GDPNow model has cut its Q2 GDP growth estimate from over 4% in mid-May to 1.8% now (and only 1.3% if you exclude inventories).

Frosty! pic.twitter.com/USTdO1oQIc

— Peter Berezin (@PeterBerezinBCA) June 5, 2024

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