“The New York Fed Staff Nowcast stands at 2.6% for 2018:Q4 and 2.4% for 2019:Q,” the Federal Reserve Bank of New York reported on Friday.
Key quotes
“The GDP release scheduled for this week was postponed as a result of the partial shutdown of the federal government.”
“News from this week’s data releases left the nowcast for 2018:Q4 broadly unchanged and increased the nowcast for 2019:Q1 by 0.2 percentage point.”
“Positive surprises from the ISM manufacturing survey, employment data, and housing data accounted for most of the increase.”
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