Atlanta Fed Q2 GDP Forecast Falls To 3.6% (Twice That of The NY Fed’s Forecast of 1.8%) As Lending Slows

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

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

The Atlanta Fed has update their Q2 GDP forecast and it is now 3.6%, exactly twice the forecast GDP of The New York Fed’s Nowcast at 1.80%.

This comes at a time where bank credit growth YoY is slowing.

Along with slowing Commercial and Industrial loan and credit card YoYgrowth.

I guess it will be more difficult to get a loan to save JJ’s Diner in Pawnee, Indiana.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply