2023 Q1 GDP is a HUGE miss at 1.1%, Atl Fed predicted 2.5% (regime, leader)
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According to Bloomberg, Q1 U.S. GDP was projected to come in at a 2% annualized rate. This was expected to be largely fueled by elevated personal spending. In fact, some believe Q1 2023 may mark the strongest quarter for consumer spending since 2021.
The Atlanta Fed’s GDPNow tool predicted a 2.5% economic growth in Q1, driven by a 2.84% increase in consumer spending.
Good. Maybe the Fed will stop with the ridiculous rate increases.
You obviously don't understand the purpose of the Fed nor the single most important job they have... To keep inflation in check (which promotes a stable economic environment conducive to prosperity). Since inflation has been running hot and will continue running hot for the foreseeable future, their hands are tied and they must continue raising rates until normalcy returns. What you are seeing now in the economy is not desirable and must be brought to heel. Our civilization is more important than your dear leader's fragile ego.
The Apr 12 CPI was hotter than it appeared because the month-ago oil price was low . The press continued to claim the result as mild .
The Apr 26 Durable Goods was not as hot as it appeared because of the way that aircraft sales happened to hit the calendar .
The Apr 27 GDP was down while the Apr 27 Personal Consumption Expenditure was up . The press now starts to catch-on with mention of stagflation . Well, why didn't the FRB warn against the effect of political-platform-spending ?
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Good. Maybe the Fed will stop with the ridiculous rate increases.
Could you explain that a little?
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