New York Fed Nowcast: cuts Q3 forecast to 1.9% from 2.0%; cuts Q4 forecast to 1.1% from 1.3%
- News from this week's data releases decreased the nowcast for 2019:Q3 by 0.1 percentage point and decreased the nowcast for 2019:Q4 by 0.3 percentage point.
- Negative surprises from retail sales, capacity utilization, and housing data accounted for most of the decrease.