The Deeper Dive: It Just Doesn't Add Up
GDP projections soar as so many things scream recession.
One look at the Atlanta Fed’s GDPNow screams that the US economy is hotter than it has been in years, barreling in just shy of 6% annualized real GDP growth:
With the exception of the oddball, coming-out-of-Covid period, the last time the US had a real GDP growth rate this high during normal times was back in 2003. So, that’s one hot number.
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