NY Fed: GDP Nowcast ticks down to 2.6% for Q4

Eren Sengezer FXStreet

"The New York Fed Staff Nowcast for 2018:Q4 stands at 2.6%," 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 0.1 percentage point.
Negative surprises from industrial production and capacity utilization data were only partially offset by a positive surprise from retail sales data.

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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