The Atlanta Fed's forecast was spot on: real GDP grew 2.8% in the third quarter:
This is an ideal reading. Growth remains strong, but not so strong that the Fed goes all aflutter about the economy overheating.
Cats, charts, and politics
The Atlanta Fed's forecast was spot on: real GDP grew 2.8% in the third quarter:
This is an ideal reading. Growth remains strong, but not so strong that the Fed goes all aflutter about the economy overheating.
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But will the Fed lower rates because of this?
Only if Trump wins. The correlation between Fed rates and the president’s political party is absurdly strong.
This is a hit the ball out of the ball park number. It is unlikely to have any impact on the Fed but certain members will use it to claim the Fed should be increasing interest rates.
Where's the recession, Kevin?
You know who Claudia Sahm and Steven Rattner are, right? Would you recreate his recession recovery comparison chart from this past January?
People bitch about inflation so much that it's clear they've forgotten what it was like to be jobless for a couple of years. Some credit is due to Trump (for signing onto a plan from Democrats who pushed for a series of big cash handouts), but overall, it was mostly thanks to Biden.