The U.S. could be in a deep recession, according to a new estimate from the Federal Reserve Bank of Atlanta. The Atlanta Federal Reserve’s GDPNow model shows that the economy contracted 2.1 percent in the second quarter, down from the previous estimate of -1 percent on June 30. Following the Institute for Supply Management’s (ISM)…
Atlanta Fed GDPNow Latest Estimate for 2Q GDP Growth Is Now -2.1 Percent
The U.S. could be in a deep recession, according to a new estimate from the Federal Reserve Bank of Atlanta. The Atlanta Fed Bank’s GDPNow model shows that the economy contracted 2.1 percent in the second quarter, down from the previous estimate of -1 percent on June 30. Following the Institute for Supply Management’s (ISM)…
Atlanta Fed Predicts Negative Second-Quarter Growth, Implying Recession Has Begun
The U.S. economy is expected to contract in the second quarter, the latest estimate from the Federal Reserve Bank of Atlanta found. According to the Atlanta Fed Bank’s GDPNow model, the economy is expected to fall 1 percent in the April-to-June period, down from the 0.3 percent projection from earlier this week. The regional central…
Atlanta Fed Predicts Negative Second-Quarter Growth, Indicating Recession Has Begun
The U.S. economy is expected to contract in the second quarter, the latest estimate from the Federal Reserve Bank of Atlanta found. According to the Atlanta Fed Bank’s GDPNow model, the economy is expected to fall 1 percent in the April-to-June period, down from the 0.3 percent projection from earlier this week. The regional central…
US Economic Growth to Hit Just 0.3 Percent for 2nd Quarter
The U.S. economy is forecast to have grown by just 0.3 percent in the second quarter, says the Federal Reserve Bank of Atlanta. According to the regional central bank’s closely watched GDPNow estimate, this is slightly up from the previous week’s projection of 0 percent. Despite the slight uptick, this is still well below the peak…
Atlanta Fed Estimates US 2nd-Quarter GDP Growth at 0.3 Percent
The U.S. economy is forecast to have grown by just 0.3 percent in the second quarter, the Federal Reserve Bank of Atlanta says. According to the regional central bank’s closely watched GDPNow estimate, that’s slightly higher than the previous week’s projection of zero percent. Despite the slight uptick, this is still well below the peak of…
Rate Hike Guessing Misses the Point
Commentary It’s like Jeopardy on acid. I’m talking about the blizzard of guesses surrounding the Fed’s rate-hiking plans to combat this bout of inflation. What is 50 basis points in March, Alex? I’ll take seven rate hikes this year for a thousand. The reality is most of this speculation doesn’t matter. The Fed has never…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`