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Trading news
22 Sep 2017
NY Fed's GDP Nowcast rose to 1.6% for Q3 of 2017
"The New York Fed Staff Nowcast stands at 1.6% for 2017:Q3 and 2.0% for 2017:Q4," the Federal Reserve Bank of New York announced on Friday.
Key quotes:
- News from this week's data releases increased the nowcast for both quarters by 0.2 percentage point.
- Positive surprises from housing data accounted for the increase.