US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home)

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Albert Collins said it best about the US economy under Joe Biden: “Lights Are On But Nobody’s Home”.

The Federal Reserve forecast for the US economy is a dismal 0.50% YoY. Do I detect a trend?

The FOMC forecast for 2023 and 2024. Core PCE YoY (inflation) is forecast to drop to 3.50%, still considerably higher than The Fed’s target rate of inflation of 2%. And unemployment is forecast to be 4.60%.

To cope with Bidenflation, US personal savings rate as of October is -67.9% YoY. The “good” news is that rents YoY are crashing. But food prices under Inflation Joe remain very high. But most everything is slowing down, not due to Biden’s policies, but a global and US economic slowdown.

With a big slowdown coming our way, you can understand why The Fed’s December Dot Plot is showing declining Fed Funds Target rate starts declining in 2024.

Even US mortgage rates are headed down.

Speaking of going down, cryptos are down across the board with Cardano leading the decline at -6.91%.

All aboard the SS Biden!

Published by confoundedinterest17

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8 thoughts on “US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home)”

  1. Pingback: US Actual GDP Development Forecast to Disappoint 0.50% in 2023, Private Financial savings Price -67.9% YoY In October, US Mortgage Charges to Fall (Financial Lights On However No one's Dwelling) - Newslng
  2. Pingback: US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home): Finance - Wealthy habbits
  3. Pingback: ইউএস রিয়েল জিডিপি বৃদ্ধির পূর্বাভাস 2023 সালে 0.50% হতাশাজনক হবে, ব্যক্তিগত সঞ্চয়ের হার -67.9% YoY অক্টোব
  4. Pingback: US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home) - Feed Dollar
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  6. Pingback: US Actual GDP Development Forecast To Be Dismal 0.50% In 2023, Private Financial savings Fee -67.9% YoY In October, US Mortgage Charges Headed Down (Financial Lights On However No person’s Dwelling)
  7. Pingback: US Actual GDP Progress Forecast To Be Dismal 0.50% In 2023, Private Financial savings Charge -67.9% YoY In October, US Mortgage Charges Headed Down (Financial Lights On However No person’s House) – digitalfordigital
  8. Pingback: US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home) - My Intermix

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