GDPNow GDP Estimates

The inverted yield curve continues to shoot blanks. Where's that confounded recession?! Not here.


Initial Estimate of First-Quarter GDP Growth Is 3.0 Percent

On January 26, the initial GDPNow model estimate for real GDP growth in the first quarter of 2024 is 3.0 percent.

GDPNow - Federal Reserve Bank of Atlanta
 
It makes me wonder why the fed is worried and talking rate cuts despite the juiced GDP reading. I do think they are pretty smart people, smarter than all the naysayers with a twitter account, but what are they seeing if the numbers and stats all seem so positive? Inflation is "going down", unemployment is still looking good, and GDP is in blast off mode, yet this fed meeting next week could be providing a timeline for cuts as early as March-June.
 
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