New York Fed Forecasts 4.0% GDP Growth
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(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…) ]
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