Big jump in the Atlanta Fed GDPNow to 2.6% from 1.2% last. Strong growth projected.

[Nighthawk]

https://www.forexlive.com/centralba...lanta-fed-gdpnow-to-26-from-12-last-20231214/

The Atlanta Fed GDPNow model estimates a significant increase in Q4 growth to 2.6% from 1.2%. Recent data suggests higher consumer spending and government expenditures, while private investment growth remains stable.

WE NEED MORE RATE CUTS TO GET THAT GDP GROWTH TO 10% p.a.

moaaaarrrr money printing needed.....!

 

[S2007S]

https://www.forexlive.com/centralba...lanta-fed-gdpnow-to-26-from-12-last-20231214/

The Atlanta Fed GDPNow model estimates a significant increase in Q4 growth to 2.6% from 1.2%. Recent data suggests higher consumer spending and government expenditures, while private investment growth remains stable.

WE NEED MORE RATE CUTS TO GET THAT GDP GROWTH TO 10% p.a.

moaaaarrrr money printing needed.....!

I find it very very difficult to understand how well GDP is growing yet every single day all I hear is how the consumer is tapped out and that credit card debt is now at 1 trillion dollars. If 70% of gdp is consumer spending please tell me how these gdp figures keep moving higher as the consumer keeps pulling back. These 2 contradictions just aren't adding up!!!

 

[mervyn]

I find it very very difficult to understand how well GDP is growing yet every single day all I hear is how the consumer is tapped out and that credit card debt is now at 1 trillion dollars. If 70% of gdp is consumer spending please tell me how these gdp figures keep moving higher as the consumer keeps pulling back. These 2 contradictions just aren't adding up!!!

expansion of credit, aka, money printing.