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E.J. Antoni: NY Fed Q3 GDP forecast rises to 2.65 percent

E.J. Antoni: NY Fed Q3 GDP forecast rises to 2.65 percent
NY Fed Q3 GDP forecast at 2.65 percent

E.J. Antoni reports that the New York Federal Reserve’s Q3 GDP forecast has increased to 2.65 percent, marking a new cycle high.

The projection is now gradually aligning with the Atlanta Fed's estimate.

Antoni recently reported that U.S. SPR withdrawals have slowed while private oil stocks dropped by nearly 3.2 million barrels last week. In a separate update, he noted the Paychex small business jobs index stayed below 100 for the 17th consecutive month. Both metrics signal ongoing shifts in energy inventories and labor markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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