Has The Fed Already Lost?
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Growth is dying & the Fed has few options left
Increasingly we live in a world of Now. Instantaneous access to digital real time data and news has simply become a given in our lives of the moment.
You may be surprised to know that the Federal Reserve has taken notice.
GDPNow
To the point, GDP data that routinely comes to us from the US Bureau of Economic Analysis (BEA) arrives after the fact. From the perspective of the financial markets and investors — who are always looking ahead and trying to discount the future — GDP data is “yesterday’s news.” Moreover, revisions to quarterly GDP can come to us three months after the original data release (with final revisions sometimes years later), essentially becoming an afterthought in terms of relevance to decision making…
