New York Fed Forecasts 4.0% GDP Growth

Monday, December 18, 2017 | Tag Cloud Tags: , , ,

(Worthy News) - The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office.

The Federal Reserve Bank of New York’s Nowcast, which attempts to estimate economic output based on the latest releases of data, now says GDP appears to be growing at a 4% annualized rate in the fourth quarter. That is the highest level on record for the Nowcast, which was launched just two years ago.

The Nowcast was revised up primarily due to positive impacts of revisions of earlier data, the New York Fed’s website said Friday. [ Source: Breitbart (Read More...) ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

1 thought on “New York Fed Forecasts 4.0% GDP Growth

Leave a Comment