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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%.


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