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🏦NY Fed Nowcast sees Q3 GDP Growth Rate At 3.8%

Writer's picture: Rosbel DuránRosbel Durán
Jul 9, 2021

NY Fed:

  • The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 3.8% for 2021:Q3.

  • News from this week’s data releases left the nowcast for 2021:Q2 largely unchanged, and decreased the nowcast for 2021:Q3 by 0.1 percentage point.

  • A negative surprise from ISM Nonmanufacturing survey data accounted for most of the decrease in 2021:Q3.



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