At least one of them is very wrong: Atlanta Fed GDPNow v. New York Fed Nowcast.
GDP Nowcast drops by half in two months. But is the auto sales data inflated?
A very unpleasant and totally unnecessary move.
Kisses the Rosy Scenario goodbye.
When will the data stop raining on the parade?
Rate hikes are coming. September is the hot date.
Wall Street’s promise of “Escape Velocity” becomes a joke.