New York Fed Q2 GDP Nowcast 1.0% vs 1.5% a week ago

Author: Adam Button | Category: News

Q3 also lowered

The second quarter tracking forecast was cut by 0.5 percentage points to 1.0%.

"Negative surprises from the ISM manufacturing survey, employment data, and international trade data drove most of the decrease," the report said.

The Q3 reading was also lowered to 1.3% from 2.0%.

Nothing says 'keep buying stocks' like rapidly falling growth indications.

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