Tags: new york | fed | gdp | economic growth

NY Fed Lowers Outlook on US GDP Growth for Third, Fourth Quarters

Image: NY Fed Lowers Outlook on US GDP Growth for Third, Fourth Quarters

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Friday, 23 Sep 2016 12:40 PM


The New York Federal Reserve on Friday lowered its forecast on U.S. economic growth in the third quarter and fourth quarters from what it estimated a week earlier following weaker-than-expected housing starts data for August.


The regional central bank said it saw gross domestic product in the third quarter growing at 2.26 percent on Sept. 20, compared with 2.38 percent as of Sept. 16. It downgraded its fourth-quarter GDP outlook to 1.22 percent from 1.37 percent.

 

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The New York Federal Reserve on Friday lowered its forecast on U.S. economic growth in the third quarter and fourth quarters from what it estimated a week earlier following weaker-than-expected housing starts data for August.
new york, fed, gdp, economic growth
76
2016-40-23
Friday, 23 Sep 2016 12:40 PM
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