MERRY ECONOMY TO ONE AND ALL: New York Fed Nowcast Up To 4.0% Growth For Fourth Quarter

There’s more good news on the economy under President Trump, and it comes from the Federal Reserve Bank of New York.

On Friday, the Federal Reserve Bank of New York reported that the New York Fed Staff Nowcast stood at 4.0% for the fourth quarter of 2017, the highest level since the Nowcast was created two years ago. The Federal Reserve of New York stated that the upward estimate was triggered by revisions of earlier data.