Fed GDP tracker shows the economy could be on the brink of a recession
2022-06-08 09:00:45 source：CNBC
June 7, 2022
A widely followed Federal Reserve gauge is indicating that the U.S. economy could be headed for a second consecutive quarter of negative growth, meeting a rule-of-thumb definition for a recession.
In an update posted Tuesday, the Atlanta Fed's GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.
Following a 1.5% drop in the first three months of the year, the indicator is showing the economy doesn't have much further to go before it slides into what many consider a recession.
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https://www.cnbc.com/2022/06/07/fed-gdp-tracker-shows-the-economy-could-be-on-the-brink-of-a-recession.html