The prospects of a U.S. recession have been rising throughout 2022 as the Fed committed to rate hikes and the yield curve inverted in March. Stocks, now in a bear market, had their worst start to the year since 1970, and inflation has hit 40-year highs. The economic news has not been good.
Q1 2022 GDP growth was negative, suggesting a recession may have started. Now, the Atlanta GDPNow model signals Q2 growth may be negative too. If that forecast holds then the recession that seemed likely on an 18-month view, may be here already.
More at https://www.forbes.com/sites/simonm...cession-already-six-months-old-says-fed-model
Q1 2022 GDP growth was negative, suggesting a recession may have started. Now, the Atlanta GDPNow model signals Q2 growth may be negative too. If that forecast holds then the recession that seemed likely on an 18-month view, may be here already.
More at https://www.forbes.com/sites/simonm...cession-already-six-months-old-says-fed-model