Second Quarter Economic Growth Forecast By Fed’s Robo-Economist Was More Accurate Than Leading Economists

August 3, 2022

 

When the Bureau of Economic Analysis announced on Thursday, July 28th that gross domestic product shrank by nine-tenths of 1% in the second quarter, the economy was teetering on recession, but stocks rose sharply – by 1.2% that day! and another 1.4% the following day! Continue to watch a brief video.