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Election Surprise! NY Fed Downgrades Q4 GDP Growth To 1.22%

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.

In what amounts to a election quarter surprise, The New York Fed just downgraded their “real-time” GDP forecast for Q4 to … 1.22%.

fednowcast

Here is the chart from The NY Fed:

source

Not a good trend!

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