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NY Fed: GDP Nowcast drops to 2.5% for This fall

“The New York Fed Employees Nowcast for 2018:This fall stands at 2.5%,” the Federal Reserve Financial institution of New York reported on Friday.

Key quotes

“Information from this week’s information releases decreased the nowcast for 2018:This fall by zero.1 share level.”

“Damaging surprises from producers’ new orders and shipments information accounted for many of the lower, whereas information from housing information had a small influence.”

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