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

Eren Sengezer FXStreet

"The New York Fed Staff Nowcast stands at 3.9% for 2017:Q4 and 3.2% for 2018:Q1," the Federal Reserve Bank of New York announced on Friday.

News from this week's data releases decreased the nowcast for 2017:Q4 by 0.1 percentage point and decreased the nowcast for 2018:Q1 by 0.2 percentage point.

A negative surprise from lower than expected retail sales accounted for most of the decrease.

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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