Atlanta Fed revises growth estimate downward
This quarter has the possibility of officially beginning a US recession
The Atlanta Fed’s GDP tracker downgraded its real-time growth projection for the second quarter of this year to 0.9% on June 7.
On June 1, the forecast was 1.3%. The estimate has declined steadily from around 2.5% in mid-May, and briefly touched a low of 0.3% on June 2.
The ‘GDPNow’ tracker combines information from the US Bureau of Economic Analysis, the US Census Bureau, the US Bureau of Labor Statistics and the Institute for Supply Management.
Personal expenditures growth expectations fell
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