Q1 US GDP Growth Slumps To 0.1% (NOW You Know Why The Fed Called For A Closed Meeting!)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Whoops!

According to the Atlanta Fed’s GDPNow real-time tracker, Q1 US GDP growth fell to 0.1%.

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The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.1 percent on April 8, down from 0.4 percent on April 5. After this morning’s wholesale trade report from the U.S. Bureau of the Census, the forecast for the contribution of inventory investment to first-quarter real GDP growth fell from –0.4 percentage points to –0.7 percentage points.

So NOW we know why The Fed called for a closed meeting on April 11th. So I smell fear from The Fed?

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