US Q1 GDP Forecast -1.3%, Atlanta Fed’s GDPNow Q2 Tracker Only +1.8% (M2 Money Velocity Remains Near All-time Low)

by confoundedinterest17

The US Q1 GDP report is due out tomorrow morning. The forecast is for -1.3% decline in GDP.

The Atlanta Fed GDPNow real-time GDP tracker is for 1.806% for Q2. If this holds, then recession fears will diminish.

Even though the US may avoid consecutive negative GDP quarters, M2 Money Velocity (GDP/M2 Money) got crushed by The Fed’s reaction to Covid back in 2020.

Talk about a bad return on “the people’s money”.