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“It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet. As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.” GDP - Estimates vs. Actual 2011-2017FOMC Economic Projections, GDP - Estimates vs. Actual 2011-2017 - Click to enlarge
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Lance Roberts considers the following as important: Contra Club, David Stockman Negative Rates, Economics, Featured, Federal Reserve, Investing, Lance Roberts, negative rates, newsletter, Recession, stock market, stocks, streettalklive, Weekend Reading
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“It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet. As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.” GDP - Estimates vs. Actual 2011-2017FOMC Economic Projections, GDP - Estimates vs. Actual 2011-2017 - Click to enlarge
Topics:
Lance Roberts considers the following as important: Contra Club, David Stockman Negative Rates, Economics, Featured, Federal Reserve, Investing, Lance Roberts, negative rates, newsletter, Recession, stock market, stocks, streettalklive, Weekend Reading
This could be interesting, too:
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| “It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet.
As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.” |
GDP - Estimates vs. Actual 2011-2017 FOMC Economic Projections, GDP - Estimates vs. Actual 2011-2017 - Click to enlarge |