Joe Biden is having a marvelous Christmas thanks to Donald Trump. Trump’s gift? A Q4 GDP Forecast of 10.4% QoQ with improving unemployment rate of 6.7%.
And the gift gets better with pending home sales at 16% YoY.
The pending home sales YoY are not included in the Atlanta Fed GDPNow forecast for Q4, but housing starts, existing home sales and new home sales are included.
Merry Christmas and Happy Holidays everyone!