6 September 2023
Bidenomics appears to be heading into a dark phase. The real-time GDP tracker from the St. Louis Fed, Nowcast, is projecting a -0.07% GDP for Q3, coinciding with a sharp decline in M2 money growth.
However, if you’re looking for optimism, the Atlanta Fed’s GDPNow estimate, led by housing economist Raphael Bostic, paints a brighter picture with a Q3 GDP projection of 5.6%.
The question on many minds is when the Federal Reserve will return to its days of low-interest rates.