NY Fed: GDP Nowcast stands at 2.0% for 2017:Q2 and 2.0% for 2017:Q3

"The New York Fed Staff Nowcast stands at 2.0% for 2017:Q2 and 2.0% for 2017:Q3," the Federal Reserve Bank of New York said on Friday.

Key quotes:

• News from this week’s data releases increased the nowcast slightly for both quarters.
• Positive surprises from housing data were only partially offset by negative surprises from manufacturing surveys in the third quarter.