NY Fed: Nowcast GDP growth expectation in Q3 ticks up to 2.3%

"The New York Fed Staff Nowcast stands at 2.3% for 2018:Q3 and 2.7% for 2018:Q4," the Federal Reserve Bank of New York reported on Friday.
Key quotes
"News from this week's data releases left the nowcast for 2018:Q3 broadly unchanged and decreased the nowcast for 2018:Q4 by 0.1 percentage point."
"A negative surprise from the Empire State Manufacturing Survey accounted for most of the decrease. Housing data had little net impact."
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.

















