"The New York Fed Staff Nowcast stands at 4.0% for 2017:Q4 and 3.1% for 2018:Q1," the Federal Reserve Bank of New York reported on Friday.
News from this week's data releases increased the nowcast for 2017:Q4 by 0.1 percentage point and left the nowcast for 2018:Q1 broadly unchanged.
Small negative surprises from industrial production and capacity utilization data were offset by the positive impact of data revisions.
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