New York Fed bumps up Q1 GDP growth forecast to 3.0%

New York Fed Nowcasting report highlights

• They now see 3.0% in Q1, compared to 2.8% last week
• See 2.7% for Q2, compared to 2.5% in Q1

"News from this week's data releases had a small positive impact on the nowcasts for both quarters, driven by new home sales data and the advance durable goods report," the report said.