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World News Story: NY Fed Cuts GDP Estimate to Below 2%

The New York Federal Reserve’s Nowcast model showed the U.S. economy is expanding at a 1.79% annualized pace in the second quarter following disappointing data on retail sales and industrial output in April released earlier this week.


Posted: 2019-05-17 17:53:02

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World News Story: NY Fed Cuts GDP Estimate to Below 2% | Newsmax Live Newscast | RobinsPost News Network - Newscast

Powell’s Concern Over Zero Rates Expected to Lower Bar for Fed Cut

Sun, 16 Jun 2019 14:14:00 GMT

The median estimate of Bloomberg’s most recent survey ... “The bar for precautionary cuts is lower if you are worried about the zero lower bound,’’ said Michael Gapen, chief U.S. economist ...

Jim Cramer: Unpacking a Bottom's Tough Work

Wed, 12 Jun 2019 13:55:00 GMT

At the same time, the firm suggested that there is nothing new here; it's just the same old slowdown story ... How bad is the news really, in terms of actual estimate cuts?; ...

Corn, Wheat Spike After U.S. Cuts Forecasts on Midwest Flooding

Tue, 11 Jun 2019 11:43:38 GMT

The price fell as much as 1.8% before the World Agricultural Supply and Demand Estimates report ... To contact the reporters on this story: Patrick McKiernan in New York at ...

Huawei cuts orders to key suppliers after U.S. blacklisting -Nikkei

Wed, 05 Jun 2019 09:45:00 GMT

Huawei has also downgraded its forecast for total smartphone shipments in the second half of 2019 by “about 20% to 30%” from the previous estimate ... (This story corrects to fix typo in ...

IMF Cuts China Growth Forecast, Citing Trade War Risks

Wed, 05 Jun 2019 02:12:00 GMT

The world’s second-largest economy is forecast to expand by 6.2% this year and 6.0% in 2020, a 10th of a percentage point down from the previous estimate ... News staff for this story: James ...

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