NY Fed: GDP Nowcast falls to 2.2% for Q4 2018 from 2.4%


"The New York Fed Staff Nowcast stands at 2.2% for 2018:Q4 and 1.1% for 2019:Q1," the Federal Reserve Bank of New York announced on Friday.

Key quotes

  • News from this week's data releases decreased the nowcast for 2018:Q4 by 0.2 percentage point and decreased the nowcast for 2019:Q1 by 1.1 percentage points.
  • Negative surprises from retail sales, capacity utilization, and industrial production data drove the decrease.
  • The first 2018:Q4 GDP release, originally scheduled for January 30, has been postponed to February 28 as a result of the partial shutdown of the federal government. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD supported at 1.1200 ahead of Eurozone data

EUR/USD managed to retain the 1.12 handle amid broad-based US dollar bullish consolidation, as markets seem to have scaled back expectations of Fed rate cuts. Focus on Eurozone final CPI data.

EUR/USD News

GBP/USD struggles around 1.2400 post-UK CPI

The latest recovery in the GBP/USD pair seems to lack follow-through, as the price struggles around the 1.24 handle amid in-line with estimates UK CPI figures and looming Hard Brexit concerns. 

GBP/USD News

USD/JPY consolidates in a range, comfortably above 108.00 handle

Reviving safe-haven demand underpins JPY and exerts some pressure. Renewed weakness in the US bond yields further weighed on the USD. The downside remains limited amid tempered Fed rate cut expectations.

USD/JPY News

Gold clings to 21-DMA amid less active markets

Gold carries the 3-week old lower high formation forward as it clings to 21-day moving average (DMA) during Wednesday’s less active market hours ahead of the European session. Lack of major data/news during the Asian session limits market moves.

Gold News

Forex Today: US dollar corrects, US-Japan eye a trade deal, and Bitcoin bounces

US dollar reverses a part of Tuesday’s US retail sales data-led rally. US-Japan are working towards a trade deal by September. Bitcoin recovers, but remains below the 10k mark.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •