NY Fed GDP Nowcast remains unchanged at 1.5% in current week

News

NO change for the NY Fed GDP Noncast

For Q3 the estimate comes in at 1.8% vs 1.7% but if you look at the changes to the 2nd decimal point, last week the estimate was at 1.74% (rounded to 1.7%). Today, the estimate is 1.75% (rounded up to 1.8%). So no need to get too excited.

NY Fed 3Q estimate little changedThe Atlanta GDPNow forecast for 2Q came in at 1.4% this week. The next estimate will be released on July 16.

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