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Wirp-out! US Real GDP For Q1 ’16 Falls To 1.4%, Durable Good Disappoint, WIRP Drops

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.

According to the Atlanta Fed’s GDPNow tracker, the forecast for Q1 2016 GDP has fallen to 1.4%.

gdpnow-forecast-evolution_abs

And now we have a disappointing durable goods order report (ex-transportation) which has now declined for 13 straight months.

duuryoy

After these two charming nuggets of economic information, the WIRP (implied probability of a Fed rate hike) fell back to 8% for the April 27th meeting.

wirpdur
WIRP-out!

dude2

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