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!!!