Not Much To Headline GDP Revisions; Major Revisions Of Corporate Profits

By |2016-08-26T17:49:47-04:00August 26th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Second quarter 2016 GDP was revised slightly lower, from about 1.21% to just 1.09%. That changes nothing from the preliminary estimate, as real GDP has averaged now only 0.93% over the past three quarters since last summer’s major, global disruption. Since the FOMC declared risks “balanced” and heading toward “overheating” in late 2014, economic growth as measured by GDP has [...]