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Fed Atlanta Q4 GDP forecast is +.7%

Summary:
Down to only .7% for Q4 GDP forecast. JPM went down to 1% today as well. It’s a bit below the DC Fed’s 3%+ forecasts earlier in the year, when the lower price of oil was presumed to be an unambiguous positive for growth, further supported by the massive monetary stimulus of near 0 rates and trillions of QE. And a bit below their latest, similar forecasts of a couple of weeks ago when they judged the economy ‘solid’ and raised rates.

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Down to only .7% for Q4 GDP forecast. JPM went down to 1% today as well.

It’s a bit below the DC Fed’s 3%+ forecasts earlier in the year, when the lower price of oil was presumed to be an unambiguous positive for growth, further supported by the massive monetary stimulus of near 0 rates and trillions of QE.

And a bit below their latest, similar forecasts of a couple of weeks ago when they judged the economy ‘solid’ and raised rates.

Fed Atlanta Q4 GDP forecast is +.7%

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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