N.Y. Fed lowers U.S. second-quarter GDP view under 2% By Reuters

0
1


#economy #economynews #tradingupdate #tradingeconomy

© Reuters. Sea gulls sit on a lamppost beside shipping containers stacked at the Paul W. Conley Container Terminal in Boston

NEW YORK (Reuters) – The U.S. economy is expanding at a 1.79% annualized pace in the second quarter following disappointing data on retail sales and industrial output in April released earlier this week, the New York Federal Reserve’s Nowcast model showed on Friday.

This was slower than the 2.20% growth rate calculated by the N.Y. Fed model a week earlier.

Disclaimer: FX Forex Trading would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore FX Forex Trading doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

FX Forex Trading or anyone involved with FX Forex Trading will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Advertisements

What You Think About This Topic? Leave Your COmment