Economics

823 readers

84 users here now

founded 2 years ago

128

The first quarter is on track for negative GDP growth, Atlanta Fed indicator says (www.cnbc.com)

submitted 3 months ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

Summary

The Atlanta Fed’s GDPNow tracker indicates U.S. GDP may shrink by 1.5% in Q1 2025, reversing from an earlier 2.3% growth estimate.

Weak consumer spending and exports contributed to the downgrade, reflecting broader economic concerns. Inflation-adjusted spending dropped 0.5% in January, and net exports' contribution fell sharply.

Declining consumer confidence, rising jobless claims, and an inverted yield curve signal potential recession risks.

Markets now expect multiple Fed rate cuts in 2025, with an 80% chance of a June reduction, as economic uncertainty weighs on stocks and bonds.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 3 months ago

I think we're already in the middle of the greatest depression, too.