, Gold and Silver News: One of Wall Street's Veteran Economic Forecasters See's Slowdown Coming

Tuesday, April 10, 2018

One of Wall Street's Veteran Economic Forecasters See's Slowdown Coming



One of Wall Street's veteran economic forecasters is toning down his economic growth forecast. 

The Economic Cycle Research Institute's Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that's picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. 

"What really caught our eye, is that unemployment rate — where it's just flat-lined since October," the firm's chief operations officer said Friday on CNBC's "Trading Nation." 

He contended it doesn't fit within the narrative of the United States' strong growth story.

- Source, CNBC