Author: John Pugliano
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FEDs reduce growth forecast…AGAIN
Yesterday’s Federal Reserve press conference was no surprise (read my previous article to understand the 4 part rope-a-dope circus). However, Janet Yellen’s downward revision of GDP growth was insightful- the Fed is forecasting perpetual anemic growth. Projected 2017 GDP growth is only 2.2%. That would be after intervention of well over $13 trillion (national debt…