Reporting by Richard Leong the New York Federal Reserve’s has reduced its estimate for NEW YORK gross domestic product growth for the second quarter , from an annualised rate of 3.01 percent , according to its Nowcast model. The move follows a slowdown in the sales of new homes and orders for durable goods.
the New York Federal Reserve’s has reduced its estimate for NEW YORK gross domestic product growth for the second quarter , from an annualised rate of 3.01 percent , according to its Nowcast model. The move follows a slowdown in the sales of new homes and orders for durable goods.