NY Fed Nowcast: GDP growth 2.9% for 2017:Q1 and 2.6% for 2017:Q2

According to the Federal Reserve Bank of New York Staff Nowcast report, negative news from consumption data reduced the nowcast by about one-tenth of a percentage point for both quarters.

• The FRBNY Staff Nowcast stands at 2.9% for 2017:Q1 and 2.6% for 2017:Q2.