Published 2 years ago

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession

Summary by The Daily Wire

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 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%.

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