NY Fed: Nowcast GDP growth expectation eases to 2.7% for Q2
|"The New York Fed Staff Nowcast stands at 2.7% for 2018:Q2 and 2.4% for 2018:Q3," the Federal Reserve Bank of New York reported on Friday.
Key quotes from the official publication
- News from this week's data releases decreased the nowcast for 2018:Q2 by 0.1 percentage point and decreased the nowcast for 2018:Q3 by 0.2 percentage point.
- The largest negative surprises came from housing data and were only partially offset by positive surprises from industrial production and capacity utilization data.
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