Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
13 Articles
13 Articles
Atlanta Fed Tracker Suggests U.S. Is In Recession
“A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession,” CNBC reports.“The Atlanta Fed’s GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by 2.1%. Coupled with the first-quarter’s decline of 1.6%, that would fit the technical definition of recession.”
We May Already Be In A Recession, Key Fed Tracker Shows
A key data tracker used by a branch of the Federal Reserve indicates that the United States economy is showing the negative growth seen in the first quarter continued, meaning the U.S. economy is already in a recession.On Friday, CNBC reported that the Atlanta Federal Reserve’s GDPNow tracker — a tool that monitors and reports economic data in-real time — estimated that U.S. second-quarter growth shrank by 2.1%. On Thursday, GDPNow estimated th…
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- 58% of the sources lean Right
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