Golden Age: Atlanta Fed Forecasts GDP Contraction

The Hill reports:

The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the first quarter. The Atlanta Fed last week was predicting 2.3 percent positive growth for the first quarter. A month ago, it was registering 3.9 percent growth.

The Atlanta Fed’s GDPNow measure is not an official forecast but rather a running estimate of real GDP growth based on data as it comes in. The first quarter ends at the end of March, and GDP will be officially calculated by the Commerce Department.

Read the full article.

Atlanta Fed now forecasting negative GDP growth for Q1, do it again in Q2 and you got yourself a recession.

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— Jacob Weindling (in my Cassandra Era) (@jakeweindling.bsky.social) February 28, 2025 at 1:08 PM

🚨 MARKET ALERT 🚨

The S&P 500 has dropped over 4% since Trump took office on January 20th. For comparison, under President Biden, the index surged 55% over his four years.

So much for the “Golden Age.”

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— Chris D. Jackson (@chrisdjackson.bsky.social) February 27, 2025 at 6:38 PM