The NY Fed Nowcast estimate for Q2 growth falls to 4.2%

Author: Greg Michalowski | Category: Central Banks

Down from 4.37% last week

The weekly estimate for Q2 growth from the NY Fed's GDP model, targets growth at 4.2% from 4.37% last week.  The biggest drag this week came from Imports of goods and services, which subtracted -0.19%.  JOLTs job openings subtracted -0.05% and Exports of goods and services subtracted -0.03%.  Components of CPI were net adds to the GDP estimates this week. 

Down from 4.37% last week

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