New York Fed GDP Now forecast falls to 1.8% from 2.2% last week
Falls from 2.2% last week
The weekly New York Fed GDP Now forecast for 2Q GDP growth has fallen to 1.8% from 2.2% last week
Capacity utilization (-0.3%), industrial production (-0.25%) and retail sales and food services (-0.09%) have weakened the tracking numbers. The top contributor this week came from housing starts, +0.13%.