Despite strong spending in October, GDPNow forecasts have plunged, why?
Atlanta Fed GDPNow data, chart by Mish Chart Notes The blue line is the base forecast. It’s all the public sees or hears when the BEA releases its GDP report, but it’s not what matters most. The red line is actual final sales (RFS). This is the bottom line estimate for the economy and what …
Despite strong spending in October, GDPNow forecasts have plunged, why? Read More »