The Atlanta Fed Q1 GDP tracker has plunged to -1.5% from +2.3% in one of the steepest declines the index has ever seen.
I'd caution that it's still very early in the quarterly data cycle.
I'm confident that's due to front-running of tariffs and inventory stockpiling.
However there is also a drag from consumption, which highlights some of the uncertainty. A downside risk is from residential investment, which is looking dismal after guidance from Home Depot and the latest pending home sales number (which hit a record low).
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Atlanta Fed GDPNow tracker swan dives into recessionary territory )
Also on site :