NY Fed: Nowcast GDP rises to 2.7% for Q4

"The New York Fed Staff Nowcast for 2018:Q4 stands at 2.7%," the Federal Reserve Bank of New York announced on Friday.

Key quotes

"News from this week's data releases increased the nowcast for 2018:Q4 by 0.1 percentage point."

"A positive surprise from producer prices data accounted for most of the increase."

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