NY Fed GDPnowcast Q1: 2.09% (prev. 2.23%)
Context
The NY Fed's GDPnowcast revision to 2.09% from the previous 2.23% suggests a slight cooling in growth expectations for Q1, which could weigh on the Fed's outlook for monetary policy. This downgrade, however minor, may reinforce market sentiment around a more cautious central bank stance, thereby impacting the USD and fixed income markets as traders reassess their growth and inflation bets.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#JAPAN#UNITED KINGDOM#FOREX#FIXED INCOME#EU SESSION#US SESSION#FEDERAL RESERVE#CENTRAL BANK#DXY#US DATA