NY Fed GDPnowcast Q1: 2.09% (prev. 2.23%)
Newsquawk Staff ·
NY Fed GDPnowcast Q1: 2.09% (prev. 2.23%)
What it means
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.
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