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.
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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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