NY Fed: GDP Nowcast stands at 1.9% for Q3 of 2017

"Today’s advance estimate of GDP growth for 2017:Q2 from the Commerce Department was 2.6%, higher than the latest New York Fed Staff Nowcast of 2.1%," the Federal Reserve Bank of New York announced on Friday.

Key highlights:

The New York Fed Staff Nowcast for 2017:Q3 stands at 1.9%
The effect of news from this week’s data releases was small, leaving the nowcast for both quarters broadly unchanged.

Jul 28, 2017

US: Tax cuts still possible despite failure to repeal Obamacare - Wells Fargo

Analysts from Wells Fargo, still expect the tax cut to materialize in the US, despite the recent failure of the Trump administration in the Senate...

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Jul 28, 2017

IMF: USD real effective exchange rate overvalued by 10-20%

"The International Monetary Fund said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals,"

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