As we concluded the first half last week, here is a recap of how the forecasts of Q2 2017 U.S. GDP growth coming from selected Federal Reserve Banks have evolved since May.
As expected, given the continued soft inflation data and weak retail sales readings, both the Atlanta Fed and the New York Fed lowered their GDP estimates for Q2 2017, while the street consensus remained largely unchanged compared to what we saw in May.
Here are the laggards contributing to GDP estimate downward revision, according to the Atlanta Fed (in almost every aspect).
Source: Atlanta Fed
While the New York Fed is attributing the lower GDP revision to weak housing & construction data and sluggish retail sales & consumption growth.
Source: 
AMJourney 