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Posted On: 06/23/2024 10:43:21 AM
Post# of 13169
I have heard of first sentence discredit of content but this one takes the cake, especially from a former economist. Wow.
You state:
The upcoming recession that most economists if not all are talking about is going to be a bad one.
Actual sentiment is as follows:
“As a result, the leading index currently does not signal recession ahead. While no longer forecasting a recession in 2024, we do expect real GDP growth to slow to near zero percent over Q2 and Q3.”
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 20, 2024. America's central bank doesn't see any signs of a recession on the horizon. Not this year nor the year after.
No need to comment further with such a missed mark on the opening line.
You state:
The upcoming recession that most economists if not all are talking about is going to be a bad one.
Actual sentiment is as follows:
“As a result, the leading index currently does not signal recession ahead. While no longer forecasting a recession in 2024, we do expect real GDP growth to slow to near zero percent over Q2 and Q3.”
Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 20, 2024. America's central bank doesn't see any signs of a recession on the horizon. Not this year nor the year after.
No need to comment further with such a missed mark on the opening line.
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