Only a year ago, the US was experiencing its largest economic expansion in history. After the COVID nightmare, the economy was back on track and expanded 33.1% in the 3rd Quarter for the greatest GDP on record.
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Oh, how times have changed under the Biden regime. The Atlanta FED has adjusted downward its expectations for the economy in the 3rd Quarter by 40%. Where the GDP estimate for the 3rd Quarter 2021 was above 6%, it is now slightly above 3%.
The economy is next, even the FED is seeing it.