NY Fed: GDP growth expectations stand at 3.0% for Q2 and 2.8% for Q3

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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