“The New York Fed Staff Nowcast stands at 1.8% for 2019:Q2,” the Federal Reserve Bank of New York said in its latest Nowcasting Report.
Key quotes
“News from this week’s data releases decreased the nowcast for 2019:Q2 by 0.4 percentage point.”
“Negative surprises from industrial production and capacity utilization data largely offset positive surprises from housing and regional survey data.”