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NY Fed’s GDP Nowcast for 2019:Q2 unchanged at 2.1%

“The New York Fed Staff Nowcast stands at 2.1% for 2019:Q2,”  the Federal Reserve Bank of New York announced in its latest Nowcasting Report.

“News from this week’s data releases left the nowcast for 2019:Q2 broadly unchanged.”

“Negative surprises from the ISM manufacturing survey were largely offset by positive surprises from personal consumption and employment data.”

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