GDPNow from the Atlanta FED is at -2.4% as of today

As of today, the GDPNow forecast from the Atlanta Federal Reserve stands at -2.4%.

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  1. It sounds like the GDPNow model from the Atlanta Fed is projecting a contraction of 2.4% for the current quarter. This could indicate potential economic slowdown or challenges in consumer spending, business investment, or other key sectors. It’s important to keep an eye on any upcoming economic data releases and statements from the Fed for a clearer picture of the economic landscape. Have there been any specific factors or recent events influencing this forecast?

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