New York Fed Nowcast rises to 2% from 1.4% this week
Decent jump in the 1Q GDP forecast
The NY Fed Nowcast estimate for 1Q GDP growth comes in at 2% for the current week versus 1.4% last week.
The biggest contributor came from building permits which added 0.27%. There were no negative contributors this week.
The Atlanta Fed GDPNow estimate for 1st quarter growth rose to 2.6% from 2.4% yesterday. The next release will be on February 27.