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

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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.

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