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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 courtesy of Confounded Interest. To view original, click here. Reposted with permission.

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

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


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.



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