New York Fed Q3 GDP Nowcast of +1.5% versus +1.7% prior

The latest weekly tracking of the estimation of the New York Fed

  • Last week Q3 estimate was 1.7%
  • Q4 estimate 2.6% vs 2.9% prior

From the NY Fed: «Negative surprises of the new residential construction and industrial production releases were the largest contributors to the decrease.»

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