NY Fed: Nowcast GDP growth expectation in Q3 drops to 2.4% from 2.6%

Eren Sengezer FXStreet

"The New York Fed Staff Nowcast for 2018:Q3 stands at 2.4%," the Federal Reserve Bank of New York said in its weekly report and added:

"News from this week's data releases decreased the nowcast for 2018:Q3 by 0.2 percentage point. Negative news from housing starts accounted for most of the decrease."

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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