NY Fed GDP tracker paints a different picture ...Middle East

The NY Fed tracker was revised higher to 2.86% vs 2.72% prior.

The quarter ends this weekend but there is still plenty of data to come before we get a good sense of GDP. Even then much of it is skewed by tariff front-running and adjustments.

"A negative surprise from personal consumption data was offset by a positive surprise from manufacturers’ new orders data for both quarters, along with a positive impact from parameter revisions for 2025:Q1," the report said.

This article was written by Adam Button at www.forexlive.com.

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