Jun 27, 2020 - 0 Comments - Uncategorized -

Charts: Atlanta Fed Graphically Represents What You Already Know; Business is Down, Uncertainty is Up

At least when compared with sales growth, capital investment and employment growth look stable.
Sales growth is also the most uncertain, by far, as compared to employment growth and capital investment rate.
In summary, and no surprise here, business expectations are down as uncertainty is up.

Certainly these could be characterized as the “duh charts” in this environment. Business is obviously down, and uncertainty is up. That is not news. It is nonetheless interesting to see this all graphically represented. It also serves to remind one that that uncertainty means only what it means, not certain. Put differently, it simply means the there is a wider than normal range of potential outcomes, and half of those are better than the median of them.

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