Uncertainty Chips Away at Third Quarter Outlook

08/20/2021

The rapid spread of the Delta variant has prompted a recalibration of the economic outlook, with a majority of economists already lowering third quarter forecasts. Weaker GDP growth could postpone the Fed’s initial tapering of asset purchases. There were no major economic data releases today, but looking back on the week’s second-tier releases, there were several points worth mentioning.

 

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