Soothe Me? US Q2 Real GDP Sinks To -1.5% As Fed Tightens The Monetary Noose – Confounded Interest – Anthony B. Sanders

The Federal Reserve isn’t soothing me with their rate hikes.

As The Fed has been raising their target rate and beginning to shrink their balance sheet, we are seeing Q3 Real GDP slipping further down the rabbit hole to -1.5%.

The culprit? Friday’s retail trade, import/export prices and industrial production.

Time for some tequila to soothe me, since The Fed or the Biden Administration won’t help.