No change in the latest New York Fed GDP forecast

Author: Adam Button | Category: Central Banks

The latest Nowcasting report

  • The FRBNY Staff Nowcast stands at 2.7% for 2017:Q1 and 2.1% for 2017:Q2.
  • Both forecasts essentially unchanged

Negative surprises from the Empire State Manufacturing Survey and housing starts offset positive surprises from industrial production, capacity utilization, and building permits, according to the report.