While expected, it is still unwelcome news.
The Atlanta Fed’s GDPNow real-time GDP forecast for Q2 just sank into negative territory at -0.002%.
Let’s see how Real GDP does if The Fed actually withdraws its stimulus needle.
And consumer purchasing power keeps diving as The Fed keeps printing money.
US Real GDP Sinks To -0.002% As Fed Meets To Discuss Monetary Tightening (Declining Purchasing Power Of US Dollar) – Confounded Interest – Anthony B. Sanders
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