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Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth
Forward Guidance
Do You Think We're in a Recession?
The data lagged and it's gotten bad so quickly that even three months ago, it was still looking pretty good. The most recent quarter for GDP, we had a positive real GDP growth of 2.9%. When you add up the three quarters, you get to a positive 0.7% headed into the fourth quarter. Bank of America sees core retail sales for the month of November, which feeds GDP math being negative.
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