Home NY Fed: GDP growth expectation for Q2-2018 unchanged at 2.8%

NY Fed: GDP growth expectation for Q2-2018 unchanged at 2.8%

Updated: 6 Jul. 2018 | 18:16

“The New York Fed Staff Nowcast stands at 2.8% for 2018:Q2 and 2.7% for 2018:Q3,” the Federal Reserve Bank of New York reported on Friday.

Key quotes from the official publication

News from this week’s data releases left the nowcast for 2018:Q2 broadly unchanged and increased the nowcast for 2018:Q3 by 0.2 percentage point.
Positive surprises from the ISM manufacturing survey accounted for the increase.

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