Article

2022-07-02 Economy

Nowcast by Atlanta Fed Reserve says Q2 had negative growth

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Posted by Lord Garth 2022-07-02 00:00|| || Front Page|| [6 views ] Top

#1 "However, the Atlanta Fed’s GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by 2.1%. Coupled with the first-quarter’s decline of 1.6%, that would fit the technical definition of recession."

https://www.cnbc.com/2022/07/01/atlanta-fed-gdp-tracker-shows-the-us-economy-is-likely-in-a-recession.html

Posted by NoMoreBS 2022-07-02 12:21|| 2022-07-02 12:21|| Front Page Top

#2 Unfortunately, you ain't seen nothin' yet.

The hope here is that the Fed will stick to its anti-inflation guns and not wimp out as it did throughout the early- and mid-70s, which only makes the inevitable solution much more painful.

Posted by Tom 2022-07-02 15:19|| 2022-07-02 15:19|| Front Page Top

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