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Stagflation On Deck: Atlanta Fed Cuts Q1 GDP To 0.0%
Just a few short weeks ago, when throwing out increasingly more ridiculous "forecasts" of Fed rate hikes in 2022 and 2023 was all the rage on Wall Street... tweet ... we predicted just the opposite, namely that 6 months from now, "Wall Street will be tripping over each other to come up with a greater number of rate cuts in late 2023/early 2024." tweet Of course, the only thing that was missing for this outlier forecast to become "conventional wisdom" was a collapse in growth, which as recently as mid-February seemed impossible: after all the US just had its fastest year on record, and in Q4 GDP rose a whopping ... (full story)