• GB Davis

Market Insight: US GDP and Da' Fed

The NY Fed's 2Q19e Nowcast for US GDP increased from 1.95% last week to 2.04% this week, with a boost from PPI Final Demand. Economic Cycle Research Institute's (ECRI) US GDP Fwd Weekly ending a run of 8 months of contraction, printing a positive reading and index growth of 1.1. Market participants have taken the prospect of any rate cut off the table for '19 for now. #NotInvestmentAdvice #FederalReserve #FedFunds

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