New York Fed GDP Nowcast 2.8% from 3.0%

New York Fed cuts its Q3 tracking estimate

From the New York Fed:

"Incoming data during the week provided mixed signals. Positive news came from higher than expected new single-family houses sold. Negative news came from higher than expected manufacturers' inventories of durable goods, interpreted as a sign of subdued demand," the write.

New York Fed GDP Nowcast 2.8% from 3.0%
New York Fed GDP Nowcast 2.8% from 3.0%
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