The Federal Reserve Bank of New York staff nowcast of U.S. GDP growth for the third and fourth quarters were lowered on Friday, citing negative surprises from recent economic data.
The New York Fed Staff Nowcast for the third quarter was reduced to 2.9 percent from 3.0 percent estimated on October 18. The figure was lowered for a second time this month.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Jyotsna V
For comments and feedback: contact editorial@rttnews.com