GDP Estimates Surge -- Building Permits Surge; Jobless Claims Fall; Regional Banks Bounce Back -- And We Keep Hearing How Badly The Economy Is Performing -- March 16, 2023

Fed: all those talking heads urging JPow to raise rates another 75 basis points as recently as last week, I'm not seeing those headlines any more. What happened? 

GDPNow: link here. 

If JPow wants to slow this economy, the Fed needs to raise rates "higher, sooner, longer."

Link here.

I keep reading all those news stories about how badly the economy is doing (compared to what? ).

From CNBC today: