NY Fed Slashes GDP Forecast, Now Sees Weakest Growth Since Financial Crisis

by Tyler Durden
ZeroHedge.com
Sep 23, 2016

Just in case the Fed needed an “out” to its “hawkishly holdish” December rate hike, it got it moments ago when the NY Fed slashed its Q3 and Q4 GDP estimates, and now expects just 2.3% annualized growth in Q3 and 1.2% Q4, down 0.5% each from the previous forecasts of 2.8% and 1.7%.

The Rest…HERE

This entry was posted on Friday, September 23rd, 2016 at 12:54 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.