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Q1 GDP Estimates Tumble: Goldman, Atlanta Fed Cut To 1.8%, JPM At 1.5%, Bank Of America Sees Only 1.3%

Wednesday, March 1, 2017 23:41
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(Before It's News)

zerohedge.com / by Tyler Durden / Mar 1, 2017 12:37 PM

With the Fed telegraphing an imminent rate hike, one which together with the “tempered” Trump speech has once again unleashed the reflation trade, and sent the Dow Jones soaring above 21,000, it appears the Federal Reserve will be hiking in a quarter in which GDP comes in in the mid 1%-range.

The reason: while “soft data” – which is important to animal spirits if not actual economic output – continues to surge as shown most recently by today’s Manufacturing ISM survey, the “hard data”, that which actually matters to the economy, is still disappointing.

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The post Q1 GDP Estimates Tumble: Goldman, Atlanta Fed Cut To 1.8%, JPM At 1.5%, Bank Of America Sees Only 1.3% appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/01/q1-gdp-estimates-tumble-goldman-atlanta-fed-cut-to-1-8-jpm-at-1-5-bank-of-america-sees-only-1-3/

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