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16 Jun 2017

The New York Fed Staff Nowcast stands at 1.9% for 2017:Q2 and 1.5% for 2017:Q3.

​​​​​​​The Federal Reserve Bank of New York published its weekly GDP forecast report, with key highlights found below:

  • The New York Fed Staff Nowcast stands at 1.9% for 2017:Q2 and 1.5% for 2017:Q3.
  • News from this week’s data releases reduced the nowcast for Q2 by 0.4 percentage point and for Q3 by 0.3 percentage point.
  • The decrease in the nowcast was driven mainly by negative surprises from housing and retail sales data that were only partly offset by positive surprises from surveys and manufacturing data.
Jun 16, 2017

Atlanta Fed: GDPNow model forecast for real GDP growth Q2 of 2017 is 2.9%

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.9 percent on June 16, down from 3.
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Jun 16, 2017

Fed's Kashkari: Fed should have waited to raise rates until inflation strengthened

Minneapolis Federal Reserve President Neel Kashkari crossed the wires, via Reuters, arguing that the Fed should have waited to raise rates until infla
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