GDPNow Forecast Dives to -1.0 Percent Following Income and Spending Data

by Mish Shedlock, Mish Talk: The GDPNow forecast plunged from +0.7 percent to -1.0 percent today. It’s ugly but not as bad as it looks, at least yet. The Atlanta Fed GDPNow Model forecast took yet another dive today. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 […]

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