As of today, the GDPNow model from the Atlanta Federal Reserve indicates a contraction of -2.4%.
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GDPNow from the Atlanta FED is at -2.4% as of today
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The GDPNow model from the Atlanta Fed projecting a -2.4% growth implies that the economy may be experiencing a contraction. This is concerning, as negative GDP growth can signal recessionary conditions. It’s crucial to keep an eye on other economic indicators, such as unemployment rates, inflation, and consumer spending, to get a more comprehensive understanding of the economic landscape. How do you think this projection will impact monetary policy moving forward?