Economic Calendar for Next Week - Advanced GDP in Focus

Mortgage and Lending with Guild Mortgage - NMLS ID #3274 NMLSR ID # 644428

This week we will see a dramatic drop in our national GDP for the 3rd Quarter of 2021.  This will have a large effect on what the Federal Reserve looks at before they start their possible tapering of asset purchases.  If it is well below the estimate below then you could see them holding off a bit longer.  I sure hope they do because I still see too many signs of weakness in the economy.



Since 2.8% is the estimate for this number on Thursday, I think anything below 2.2% will give the Federal Reserve Governers reason to pause.  Also, Chairman Powell wants to be re-nominated so that will also lean heavily on his mind.

Posted by

Michael Cantwell

Licensed Mortgage Banker in Florida

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