Atlanta Fed GDPNow Sees Economy Shrinking

A string of recent US data showing resurgent inflation and slowing activity is stoking fears the world’s biggest economy ...
Wall Street and a closely watched forecasting tool both took a gloomier view of projected first-quarter U.S. economic growth after a pair of downbeat data releases Friday The GDPNow tracker published ...
U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record ...
Data released Friday showed that consumers slashed their spending by the most since February 2021, even as their incomes rose ...
A top Fed official and the chief economist at Apollo both sounded the alarm on stagflation risks this week.
"Today, my outlook is that inflation is on the path to get back down to 2%," Atlanta Fed President Raphael Bostic said on ...