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US Q1 ’16 GDP Forecast Drops To 0.6% (After 1.4% In Q4 ’15) – 10Y Treasury Yield Slips

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Not only was the US inflation report less than appetizing (1.0% YoY for the GDP Deflator), but now the Atlanta Fed GDPNow forecast models indicates a Q1 GDP print of … 0.6%.

gdpnow-forecast-evolution 0321816

Here is the chart of the GDP deflator at 1.0% YoY.

coredefl

What do we get? Tumbling 10 year Treasury yields.

10yyu032816

WIRP (the implied probability of a Fed rate hike in April)? 6%.

ussyellen
On the good ship, Follypop.

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