NY Fed: GDP Nowcast falls to 2.4% for Q4 2018

"The New York Fed Staff Nowcast stands at 2.4% for 2018:Q4 and 2.2% for 2019:Q1," the Federal Reserve Bank of New York reported on Friday.

Key quotes

"News from this week's data releases decreased the nowcast for both 2018:Q4 and 2019:Q1 by 0.2 percentage point."

"Negative surprises from lower than expected exports and imports data accounted for most of the decrease."

"The first 2018:Q4 GDP release, originally scheduled for January 30, has been postponed to February 28 as a result of the partial shutdown of the federal government."