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But a newly updated forecasting tool from the Federal Reserve Bank ... the Atlanta Fed's GDPNow model is forecasting a 3.7% contraction in the U.S. economy for the first quarter.

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 ...

U.S. manufacturing returned to contraction in March as demand weakened and input prices surged to a near three-year high. ISM Prices Index jumped to 69.4%, the highest since June 2022, driven by ...