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%


Articles You May Like

The Millionaire Trader – Forex Documentary
Forex Trading For Beginners: The Anatomy of a Forex Quote
US Dollar May Rise vs Nordic FX From Trade Wars, FOMC Minutes
US Dollar Index technical analysis: DXY off daily highs, trading above the 98.10 level
Merkel: Can also find a backstop solution by October 31

Leave a Reply

Your email address will not be published. Required fields are marked *