GDPNow Flat After PCE Report; Rate Hike Odds Sink

by Mike ‘Mish’ Shedlock
Mish Talk

Despite glowing mainstream media reports on personal consumption expenditures and income, the Atlanta Fed GDPNow Model forecast for second quarter GDP did not budge.

Rate hike odds for June shrank substantially.

Latest forecast: 2.9 percent — May 31, 2016

Continue Reading at…