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The Fed's Laughable GDP "Forecast" Just Got Even Funnier

What in January 2012 was a 2014 GDP forecast range of 3.7%-4.0% collapsed to 2.1%-2.3% in June (because clearly the Fed couldn't possibly forecast snow in the winter), and three months later is now 2.0%-2.2%. In short, a 43% forecasting error.

That is all.