For the last few weeks the Atlanta Fed has been forecasting nice, healthy GDP growth of 3% or more for the final quarter of 2024. Then their algorithm suddenly got the heebie-jeebies and they're now forecasting growth of only 2.3%:
Tune in tomorrow for the actual answer!
On the one hand, by the looks of the number of balconies I saw with holiday lights, I'd say consumer spending went up more than expected. On the other hand, lots of companies rushed to import inventory for their supply chains before the first day tariffs could be imposed. That import boost and concurrent export decline trend would result in a larger trade deficit, further cutting GDP. So...modest growth between 2 and 2.5%?
3.6%
Because once tumor won the election Americans celebrated.
So....
IF it's low, Fed's might cut rates and stocks will soar....
Or if it's high, stocks will tank again because the economy is doing well....
2.3%....thanks trump
Depends on what excreta exits the emperors maw in the next while. Nothing is stable anymore, not even our minds....
Wait till the Trump Tariffs start and meanwhile the federal government is collapsing.