New York Fed Q3 GDP Nowcast +1.5% vs +1.7% prior

The latest weekly tracking estimate from the New York Fed

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

From the NY Fed: «Negative surprises from the new residential construction and industrial production releases accounted for most of the decline.»

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