NY Fed's GDP Nowcast remains unchanged at 3.9% for Q4 of 2017

Eren Sengezer FXStreet

"The New York Fed Staff Nowcast stands at 3.9% for 2017:Q4 and 3.1% for 2018:Q1," the Federal Reserve Bank of New York announced on Friday.

Key quotes

News from this week's data releases left the nowcast for 2017:Q4 broadly unchanged and decreased the nowcast for 2018:Q1 by 0.1 percentage point.

Negative surprises from the new residential construction release offset positive surprises from the industrial production release.

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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