GDPNow GDP Estimates

So what's the explanation here? Good news is bad news because higher rates are coming? Or everyone knows those GDP numbers are nonsense and will be revised lower when nobody is looking?

Remember when the experts kept saying the consumer is flush with cash and savings rates are at all time highs? That savings is gone now, and credit is replacing the void. Savings levels are back to 2014 levels and revolving credit has well surpassed pre-pandemic levels.
 
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