The Atlanta Fed’s GDPNow forecast for the US economy for Q1 2017 slipped to 0.9% on lower consumer spending. Bear in mind that at last reading the NY Fed’s NOWCAST is at 2.96%.
Real personal spending declined in February by -0.1% while PCE core MoM slowed to 0.2%.
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Will The Fed continue their interest rate increases as predicted? Or will they take another hit of monetary stimulus?
Just as long as Fed Vice Chair Stanley Fischer doesn’t say “MoMmie.”
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