Daily Updates

NY Fed: GDP Nowcast stays regular at 2.5% for This fall

“The New York Fed Workers Nowcast stands at 2.5% for 2018:This fall and a couple of.1% for 2019:Q1,” the Federal Reserve Financial institution of New York introduced on Friday.

Key quotes

“Information from this week’s information releases left the nowcast for each quarters broadly unchanged.”

“Optimistic surprises from employment information roughly offset detrimental surprises from the ISM manufacturing survey.”

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