NY Fed's GDP Nowcast for second-quarter drops to 1.4% from 1.8%

"The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2," the Federal Reserve Bank of New York reported on Friday.

"News from this week's data releases decreased the nowcast for 2019:Q2 by 0.4 percentage point," the bank said in its press release."Negative surprises from the Advance Durable Goods Report drove most of the decrease."

May 24, 2019

S&P: Prime Minister May's resignation likely to pave way to a harder Brexit stance

Assessing the latest political developments in the UK in a recently published report, the S&P argued that British Prime Minister There May's resignati

USD/JPY extends slide and looks for a test of May’s low

The USD/JPY pair dropped further ahead of the London fix on the back of a decline of the US Dollar across the board and a pullback in equity prices. T