“The New York Fed Staff Nowcast stands at 2.8% for 2018:Q2 and 2.5% for 2018:Q3,” the Feederal Reserve Bank of New York reported on Friday.
Key quotes
“News from this week’s data releases decreased the nowcast for both quarters by 0.1 percentage point.”
“Negative surprises from the advance durable goods report and personal consumption expenditures data were only partially offset by a positive surprise from new home sales data.”
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