"News from this week’s data releases decreased the nowcast for 2020:Q3 by 1.3 percentage points and decreased the nowcast for 2020:Q4 by 2 percentage points," the NY Fed explained in its publication. "Negative surprises from industrial production, capacity utilization, retail sales, and housing starts data drove the decrease in both quarters."
The US Dollar Index showed no reaction to this report and was last seen losing 0.1% on the day at 92.82.
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