NY Fed: GDP Nowcast stands at 1.9% for Q3 of 2017

Eren Sengezer FXStreet

"Today’s advance estimate of GDP growth for 2017:Q2 from the Commerce Department was 2.6%, higher than the latest New York Fed Staff Nowcast of 2.1%," the Federal Reserve Bank of New York announced on Friday.

Key highlights:

The New York Fed Staff Nowcast for 2017:Q3 stands at 1.9%
The effect of news from this week’s data releases was small, leaving the nowcast for both quarters broadly unchanged.

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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