1.2 C
New York
Monday, February 23, 2026

GDPNow Estimate Sinks to 1.4%; What About That “Sufficient Momentum” for Rate Hikes?

Courtesy of Mish

On March 21, Atlanta Fed president Dennis Lockhart had “Kaleidoscopic” visions of rate hikes as soon as April.

In his speech to the Rotary Club of Savannah, Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April.”

Lockhart also cited the Atlanta Fed GDPNow Model. Today we can update that model.

Sufficient Momentum

GDPnow 2016-03-24

The title of Lockhart’s March 21 speech to the Rotary Club was to the Rotary Club was “Kaleidoscopic Context for Monetary Policy“.

My March 21 rebuttal was Kaleidoscope Eyes.

Here are some snips.

GDPNow – March 16

Sufficient Momentum

Questions of the Day

Question 1: Is Lockhart even watching the momentum of his own researcher’s model?

Question 2: Is 1.9% and falling really sufficient momentum to hike or does Lockhart have Kaleidoscope Eyes?

What Happened?

Continue reading here…

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

149,492FansLike
396,312FollowersFollow
2,650SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x