NY Fed's GDP Nowcast improves to 4.0% for Q4 of 2017

Eren Sengezer FXStreet

"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.

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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