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Breaking Posted 2 hours ago

US GDP Nowcast Q3 Holds at 2.67%, Q4 Eases to 2.81%

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New York Fed's GDP Nowcast for Q3 remains unchanged at 2.67%, while Q4 forecast slips marginally from 2.82% to 2.81%. The stable Q3 reading follows last week's jobless-claims data suggesting steady labor demand; Q4's slight downward revision signals modest demand softening ahead, feeding into the inflation expectations that drive Fed rate path decisions.
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