The NY Fed Nowcast for Q2 comes in at 2.7%, down from 2.8% last week. - ConsultFX

The NY Fed Nowcast for Q2 comes in at 2.7%, down from 2.8% last week.

Housing hurts this week The NY Fed model for 2Q GDP growth saw a dip to 2.7% from 2.8% last week. The fall can be attributed to weaker housing.  Building permits subtracted -0.03% and Housing starts trimmed -0.07%.  Industrial production added 0.03% this week.