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Will the Fed cut back on stimulus in the face of "back-to-back one-handles on GDP...

Will the Fed cut back on stimulus in the face of "back-to-back one-handles on GDP growth"? JPMorgan slashes its estimate for (already-completed) Q2 GDP growth to 1% from 2%, but hikes its forecast for Q3 to 2.5% from 2%. A surprising decline in May wholesale inventories is behind the Q2 move, and what the bank expects will be a bounce this quarter is behind the Q3 upward revision.
Comments (7)
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    Just think of how high the stock market will go if we get -5% GDP growth. The Fed will be printing so much then! Market can't ever go down!
    12 Jul 2013, 12:54 PM Reply Like
  • Piptief
    , contributor
    Comments (430) | Send Message
     
    lol..i totally agree..which is why you gotta take your profits as you see them..cuz one day..it's gonna be 2008 all over again...less growth higher stocks, less earnings higher stocks...hurray!
    12 Jul 2013, 01:21 PM Reply Like
  • crilleyb
    , contributor
    Comments (16) | Send Message
     
    Could not agree more, the economy can't stand on its own without Fed help, stocks at all time highs, makes sense to me.
    12 Jul 2013, 01:59 PM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    1% is a rounding error
    12 Jul 2013, 02:16 PM Reply Like
  • Bouchart
    , contributor
    Comments (780) | Send Message
     
    So is this bad news bad news, or is it good news?
    12 Jul 2013, 02:16 PM Reply Like
  • Leont68
    , contributor
    Comments (1365) | Send Message
     
    yeah, we need a recession, the dow and sp will break all time highs ever day
    12 Jul 2013, 02:38 PM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    who needs gdp or jobs when you have a central bank and unlimited food stamps - winning
    12 Jul 2013, 02:43 PM Reply Like
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