US: NY Fed's GDP Nowcast unchanged at 2.86% for Q4 after this week's data
|The US economy is expected to expand by 2.86% in the fourth quarter, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Friday.
"A positive impact from JOLTS data was offset by negative surprises from CPI data, leaving the nowcast broadly unchanged," the NY Fed explained in its publication.
Market reaction
This report doesn't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.17% on a daily basis at 92.80.
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