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The Fed Predicts We Are Entering A Recession Right Now [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-02-28
The Atlanta Federal Reserve is effectively predicting a recession starting now. It's prediction for the first quarter of 2025 GDP change is now -1.5%.
Just nine days ago the forecast from the same source was +2.3%.
Just three weeks ago the forecast was +2.9%.
Just four weeks ago the forecast was +3.9%.
The speed at which Trump is tanking the economy is mind blowing. I mean look at the stunning graph above.
Driving the Fed forecast is an expected crashing in net exports (trade war) and a decline in consumer spending. Measures of consumer confidence have been crashing now for a couple of weeks.
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