NY Fed's GDP Nowcast edges higher to 3.2% for Q4 of 2017

Eren Sengezer FXStreet

"The New York Fed Staff Nowcast for 2017:Q4 stands at 3.2%," announced the Federal Reserve Bank of New York on Friday.

Key quotes

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

Positive surprises from personal consumption expenditures, labor market data, and business inventories outweighed negative surprises from survey 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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