News

NY Fed GDP Nowcast stays steady at 1.4% in the current week

Q2 estimate moves from 1.95% to 2.04%

Old news (it was released a few hours ago), but for good order, the NY Fed GDP Nowcast estimate for Q1 comes in at 1.40% for the 1st quarter. That is unchanged from last week.  Below are the contributors and non-contributors given the releases this week. By the way, the Atlanta Fed estimate moved up to 2.3% on April 8th (from 2.1%).  Their next estimate will not be until Wednesday April 17.

For what it is worth, the 2Q GDP is estimated at 2.04% vs 1.95% last week. CPI final demad was a big contributor.

Q2 GDP estimate moves from 1.95% to 2.04%

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