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NY Fed: GDP Nowcast remains steady at 2.5% for Q4

“The New York Fed Staff Nowcast stands at 2.5% for 2018:Q4 and 2.1% for 2019:Q1,” the Federal Reserve Bank of New York announced on Friday.

Key quotes

“News from this week’s data releases left the nowcast for both quarters broadly unchanged.”

“Positive surprises from employment data roughly offset negative surprises from the ISM manufacturing survey.”

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