bearish

US Continues to Overheat, Reflected in a Seemingly-Weak GDP Print

358 Views29 Apr 2022 12:36
GDP fell 1.4%QoQ in 1Q2022 because 6.5% nominal GDP growth was overwhelmed by 8% rise in GDP deflator; 17.7% rise in imports signals economic overheating. FedFunds rate must rise to 2.75% by end-2022.
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