Better revise down the GDP forecasts

A blizzard warning just went into effect in Washington DC. It will remain in effect until 6 am ET on Sunday.

From the public alert:

  • Hazard types: Heavy snow and wind with blowing and drifting snow this afternoon through Saturday night
  • Accumulations: snow accumulation 18 to 24 inches

There is no significant data expected out of Washington early next week so it's unlikely to lead to any big changes on the economic calendar.