Home NY Fed’s GDP Nowcast for second-quarter rises to 1.5% from 1.4%

NY Fed’s GDP Nowcast for second-quarter rises to 1.5% from 1.4%

Updated: 31 May. 2019 | 17:32

“The New York Fed Staff Nowcast stands at 1.5% for 2019:Q2,” announced the Federal Reserve Bank of New York in its latest Nowcasting Report.

“News from this week’s data releases increased the nowcast for 2019:Q2 by 0.1 percentage point.”

“Positive surprises from prices data and data revisions accounted for most of the increase.”

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