Nominal GDP At 4 Percent, Fed Way Behind Curve

The BEA revised Q2 GDP up this morning, Current-dollar GDP increased 4.0 percent, or $189.0 billion, in the second quarter to a level of $19,246.7 billion. In the first quarter, current-dollar GDP increased 3.3 percent, or $152.2 billion. – BEA This makes us think the Fed is waaaay behind t...

Nominal GDP At 4 Percent, Fed Way Behind Curve