NY Fed: GDP Nowcast falls to 2.4% for Q4 2018

"The New York Fed Staff Nowcast stands at 2.4% for 2018:Q4 and 2.2% for 2019:Q1," the Federal Reserve Bank of New York reported on Friday.

Key quotes

"News from this week's data releases decreased the nowcast for both 2018:Q4 and 2019:Q1 by 0.2 percentage point."

"Negative surprises from lower than expected exports and imports data accounted for most of the decrease."

"The first 2018:Q4 GDP release, originally scheduled for January 30, has been postponed to February 28 as a result of the partial shutdown of the federal government."

Feb 8, 2019

EUR/USD extends slide toward 1.13 as Italy-Germany Bond spread widens

After moving sideways near mid-1.13s for the majority of the day, the EUR/USD pair came under a renewed selling pressure in the NA session and slumped

US: Headline CPI to retreat to 1.5% y/y thanks to lower gasoline prices - TD Securities

"We expect headline CPI to retreat to 1.5% y/y thanks to lower gasoline prices. Outside of fuels we still see strength across food and core services,"