Right now, economists are really optimstic with forecasts in the range of 6 percent growth for Q3. The NY Fed has been steady around 3.80 percent (give or take at times) during Q3. The Atlanta Fed model has rolled over with their forecast down to 1.3 percent. It's too soon to tell, but if their model proves correct and their forecast trend continues, it's possible the U.S. economy has already slipped into recession.
Expect More Inflation No Matter Who Wins the Election
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For many reasons, the Fed will struggle to contain inflation. This is part
one, deficit spending and interest on the debt.
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