What’s Going On? Atlanta Fed Adjusts Expected US GDP Down by Roughly 40%

  Only a year ago, the US was experiencing its largest economic expansion in history.  After the COVID nightmare, the economy was back on tr...

 

Only a year ago, the US was experiencing its largest economic expansion in history.  After the COVID nightmare, the economy was back on track and expanded 33.1% in the 3rd Quarter for the greatest GDP on record.

Oh, how times have changed under the Biden regime.  The Atlanta FED has adjusted downward its expectations for the economy in the 3rd Quarter by 40%.  Where the GDP estimate for the 3rd Quarter 2021 was above 6%, it is now slightly above 3%.

The economy is next, even the FED is seeing it.