New York Fed: GDP growth expectations for Q3 drops to 2.6%

"The New York Fed Staff Nowcast for 2018:Q3 stands at 2.6%," the Federal Reserve Bank of New York reported on Friday.

"News from this week's data releases decreased the nowcast for 2018:Q3 by 0.2 percentage point."

"Negative surprises from exports and imports data and from the ISM surveys accounted for most of the decrease."