BEA Releases Q1 GDP: 0.7%
The BEA released advanced data for 2017's first quarter GDP, reporting a low 0.7%. This is the worst reading in 3 years. The narrative is coming undone.
The BEA released advanced data for 2017's first quarter GDP, reporting a low 0.7%. This is the worst reading in 3 years. The narrative is coming undone.
Once again the Atlanta Fed's GDPNow forecasting model has been cut, reflecting a sharp challenge to the Fed's "healthy economy" narrative.
Wall Street rumors are swirling that former Goldman CEO Gary Cohn could replace Janet Yellen as Fed Chair.