NY Fed: GDP growth expectations stand at 3.0% for Q2 and 2.8% for Q3
|The Federal Reserve Bank of New recently published its weekly GDP growth expectation report with key takeaways found below.
- The New York Fed Staff Nowcast stands at 3.0% for 2018:Q2 and 2.8% for 2018:Q3.
- News from this week's data releases decreased the nowcast for both quarters by 0.1 percentage point.
- Negative surprises from industrial production and capacity utilization data outweighed positive surprises from producer prices, retail sales, and the Empire State Manufacturing survey.
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