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NY Fed: GDP Nowcast ticks as much as 2.6% for This fall

“The New York Fed Employees Nowcast stands at 2.6% for 2018:This fall and a couple of.2% for 2019:Q1,” the Federal Reserve Financial institution of New York reported on Friday.

Key quotes

“Information from this week’s information releases elevated the nowcast for each 2018:This fall and 2019:Q1 by zero.1 share level.”

“Optimistic surprises from industrial manufacturing and capability utilization information accounted for a lot of the improve. A unfavourable shock from the Empire State Manufacturing Survey was partially offset by a constructive shock from the Manufacturing Enterprise Outlook Survey.”

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