NY Fed: Nowcast GDP falls to 2.1% for Q3 from 2.2%

"The New York Fed Staff Nowcast stands at 2.1% for 201:Q3 and 2.4% for 2018:Q4," the Federal Reserve Bank of New York announced in its weekly publication.

Key quotes

"News from this week's data releases decreased the nowcast for 2018:Q3 by 0.1 percentage point and decreased the nowcast for 2018:Q4 by 0.4 percentage point."

"Negative surprises from retail sales data and housing data accounted for most of the decrease."