What’s Going On? Atlanta Fed Adjusts Expected US GDP Down by Roughly 40%

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.

IT’S OFFICIAL: Trump Crushes Record for Largest GDP Increase in US History — 3rd Quarter GDP Up 33.1%

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.