Posts Tagged ‘fed fund futures’

Notes From Underground: The San Francisco Fed Says It Ain’t Rocket Science … Again

May 19, 2015

The talking heads in the financial media have a great deal to answer in regards to yesterday’s release of the San Francisco Fed’s Economic Letter by Rudebusch, Wilson and Mahedy in which the three researchers said: “We findĀ  that a second round of seasonal adjustment implies that real GDP growth so far this year appears to have beenĀ  substantially stronger than the BEA [Bureau of Economic Analysis] initially reported.”