Howard Lutnick rips Atlanta Fed GDPNow contraction prediction
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Howard Lutnick, who served as Trump's Commerce Secretary, strongly criticized the Atlanta Fed's GDPNow estimate predicting a 2.4% contraction in Q1 GDP. Lutnick characterized the projection as 'ridiculous', suggesting he believes the economic outlook is more positive than the forecast suggests.
March 18, 2025 | 11:30 am
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NEUTRAL IMPACT
Conflicting views on Q1 GDP growth between Howard Lutnick and Atlanta Fed could create uncertainty in market sentiment
Disagreement about GDP forecast could lead to market volatility as investors reassess economic growth expectations. The conflicting views might create short-term market uncertainty.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70