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- The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 4.1% 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 building permits data accounted for most of the decrease in 2021:Q3.
Source: NY Fed