Heterodox
Coincident real GDP metric is good, but leading indicators from the GDP report are not: is the Fed listening? – by New Deal democrat Real GDP grew 0.7% in Q2, or a 2.8% annualized rate, a perfectly good number in line with the past three years: Probably even more importantly, the GDP deflator increased 0.6% for the quarter, or at an annualized rate of 2.3%. As the below graph shows, this is a perfectly normal rate going back to the start...
Read More »Again not recessionary, but more evidence the Fed should start to lower rates now.
