Federal Reserve tracker shows U.S economy may enter a recession next year

A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession.
Most Wall Street economists have been pointing to an increased chance of negative growth ahead, but believe it will not come until at least next year.
However, the Atlanta Fed's GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by 2.1%. 
The first-quarter declined by 1.6%.

comments powered by Disqus
More Stories
Most Popular
NCB Financial sees increase in net profit
Alleged 90's Gang leader captured during...