For the sixth year running, exuberant GDP growth projections have been drastically marked down to a new normal low. But this year is different, not only have 2016 GDP growth expectations been marked down to post-crisis lows, but The Fed - in all its wisdom - is determined to raise rates (twice if you believe them) because, in their own words“the economy is in good shape and headed in the right direction..."
Does this look like the right time raise rates?
The oft-quoted Zero Hedge chart above prompted DoubleLine's Jeff Gundlach to state "clearly this is a bad time to raise rates" adding that if rate-hike odds remain below 40%, then September is off the table (as The Fed does not want to shock the markets)...
Good luck Janet.