What does the lower than expected GDP growth numbers (1.6% actual vs 2.5% expected) mean for the Fed/economy? Seeing lots of Jerome Powell memes and I’m a bit lost
In: Economics
Nothing much. Media makes everything out to be a “disaster” or “victory”. Economies broadly don’t work like that. Quarterly variations are quite typical (within limits). And quarterly figures are generally subject to revision as the data is subject to changes (companies that assign revenue differently, sales revisions etc).
Of course, the US is super political normally, and hyper political right now. One side wants to triumph success and the other portrays any data as disastrous.
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