NY Fed: GDP Nowcast eases to 2.1% for Q3 of 2017

"The New York Fed Staff Nowcast stands at 2.1% for 2017:Q3 and 2.6% for 2017:Q4," the Federal Reserve Bank of New York announced on Friday.

Key highlights:

• News from this week's data releases decreased the nowcasts for both quarters by 0.1 percentage point.
• Negative impacts from lower than expected imports and exports data accounted for most of the decrease.