Has the Fed Already Lost the Next Recession?

To the point, GDP data that routinely comes to us from the US Bureau of Economic Analysis (BEA) arrives after the fact. From the perspective of the financial markets and investors -- who are always looking ahead and trying to discount the future -- GDP data is â??yesterdayâ??s news.â? Moreover, revisions to quarterly GDP can come to us three months after the original data release (with final revisions sometimes years later), essentially becoming an afterthought in terms of relevance to decision making.