GDPNow cuts Q1 growth outlook to less than 2%

[Error Correction Funder]

• The Atlanta Fed tracker now sees 1.9% GDP growth for Q1, down from 2% early last week. This morning's retail sales number was responsible for the small trim.

• GDPNow two months ago was seeing Q1 growth north of 4%. The Blue Chip consensus forecast has also been in a downtrend, now seeing about 2.1% growth.

https://seekingalpha.com/news/3345845-gdpnow-cuts-q1-growth-outlook-less-2-percent

 

[traderslair]

That's gonna hurt for basically the whole bond industry who are short bonds

 

[Saltynuts]

Oh jea. Talk about a bulish cycle...