The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.
Source: Authors' calculations, based on data accessed through Haver Analytics.
Notes: We start reporting the nowcast for a reference quarter about one month before the quarter begins; we stop updating it about one month after the quarter closes.
Colored bars reflect the impact of each broad category of data on the nowcast; the impact of specific data releases is shown in the accompanying table.