Fed GDP tracker shows the economy could be on the brink of a recession

The Atlanta Federal Reserve’s GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter, down from an estimated 1.3% increase less than a week ago.

With Q1 growth down 1.5%, a second consecutive quarter of negative growth meets a rule-of-thumb definition for recession.

Fed GDP tracker shows the economy could be on the brink of a recession https://www.cnbc.com/2022/06/07/fed-gdp-tracker-shows-the-economy-could-be-on-the-brink-of-a-recession.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard