Home NY Fed: Nowcast GDP ticks up to 2.6% for Q4

NY Fed: Nowcast GDP ticks up to 2.6% for Q4

Updated: 2 Nov. 2018 | 16:28

“The New York Fed Staff Nowcast for 2018:Q4 stands at 2.6%,” the Federal Reserve Bank of New York reported on Friday.

Key quotes

“News from this week’s data releases increased the nowcast for 2018:Q4 by 0.1 percentage point.”

“Positive surprises from labor and international trade data were only partially offset by negative surprises from the ISM manufacturing survey.”

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