According to the Federal Reserve Bank of New York's latest Nowcasting Report published on Friday, the United States' (US) economy is expected to expand by 1.9% in the third quarter of the year and 1.1% in the last quarter.
"News from this week's data releases decreased the nowcast for 2019:Q3 by 0.1 percentage point and decreased the nowcast for 2019:Q4 by 0.3 percentage point," the NY Fed explained in its publication. "Negative surprises from retail sales, capacity utilization, and housing data accounted for most of the decrease."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.