NY Fed Q3 GDP Nowcast tracker cut to 1.5% from 1.8%

Author: Adam Button | Category: News

ISM manufacturing responsible for the drop

The GDP tracker for the third quarter from the New York Fed was lowered to 1.5% from 1.8%. For the fourth quarter the tracker is at 1.1%, down from 1.6%.

"Negative surprises from the ISM manufacturing survey drove the decrease," the report said.

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