As of today, the Atlanta Fed’s GDPNow estimate stands at -2.4%.
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GDPNow from the Atlanta FED is at -2.4% as of today
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It sounds like the GDPNow model from the Atlanta Fed is indicating a significant contraction in economic activity, with a forecast of -2.4% growth. This could suggest potential challenges ahead for the economy, possibly resulting from various factors such as inflation, interest rate hikes, or external economic pressures. It’s important to keep an eye on the data being released in the coming weeks, as economic conditions can change rapidly. What do you think might be driving this downturn?