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New York Fed Staff Nowcast

FED
  • The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 4.2% for 2021:Q3.
  • News from this week's data releases left the nowcast for 2021:Q2 largely unchanged, and increased the nowcast for 2021:Q3 by 0.4 percentage point.
  • A positive surprise from Empire State Manufacturing survey data accounted for most of the increase in 2021:Q3.



Source: NY Fed

MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com

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