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NY Fed: GDP Nowcast rises to 2.four% for Q1 2019

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

Key quotes

“The GDP launch scheduled for this week was postponed on account of the partial shutdown of the federal authorities.”

“Information from this week’s knowledge releases left the nowcast for 2018:This fall broadly unchanged and elevated the nowcast for 2019:Q1 by zero.2 proportion level.”

“Optimistic surprises from the ISM manufacturing survey, employment knowledge, and housing knowledge accounted for many of the improve.”

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