NY Fed's GDP Nowcast for 2019:Q1 unchanged at 1.4%

"The New York Fed Staff Nowcast stands at 1.4% for 2019:Q1 and 2.0% for 2019:Q2," the Federal Reserve Bank of New York said in its latest Nowcasting Report.

Key quotes

"News from this week's data releases left the nowcast for 2019:Q1 unchanged and increased the nowcast for 2019:Q2 by 0.1 percentage point."

"Positive surprises from prices data accounted for most of the increase."