Trump's first quarter of GDP is looking shaky. His allies are already trying to shoot the messenger.
Ernie Tedeschi, the chief economist of the White House Council of Economic Advisers under former President Joe Biden, pointed out that transfer payments from the government - Social Security, food ...
GBP/USD rallies on soft US ISM data, falling US yields
Last week’s data suggested the US economy is undergoing an economic slowdown. As of writing, the ISM Manufacturing PMI showed ...
S&P 500 Weighs Bad Economic News, Prospects For More Rate Cuts
The S&P 500 spent most of the trading week ending on 28 February 2025 on a downward trajectory. Click to read.
Gold Imports May Explain Surging U.S. Goods Deficit
Gold traded higher and Goldman Sachs said that physical imports of the precious metal to the U.S. rose to around $25 billion last month, a huge surge that might explain the country’s widening goods ...
Atlanta Fed’s GDP Predictor Is Tanking. It’s All About Trade Wars.
The Atlanta Federal Reserve keeps a running tally of how it expects gross domestic product to perform in the current quarter. It just swung from solid growth to contraction. The reason could be down ...
Atlanta Fed model forecasts GDP contraction in 2025 Q1
On February 28, the #GDPNow model nowcast of real GDP growth in Q1 2025 is -1.5%: https://t.co/T7FoDdgYos. #ATLFedResearch ...
The US economy has suddenly been thrown into reverse as key GDP indicator flashes stunning negative forecast
The Atlanta Fed's GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing ...
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FedEx Plane Catches Fire in Air Before Emergency Landing
A FedEx cargo plane has made an emergency landing after one of its engines caught fire mid-air after hitting a bird.
Atlanta Fed GDPNow Sees Economy Shrinking After Friday Data
The US economy is setting up to take a major step back in the first quarter after a pair of reports showed weaker consumer ...
Trump economic approval ratings sag as inflation fears grow
Polls show that Americans’ confidence is slipping in President Trump’s ability to handle the economy – the most important ...
The dreaded S-word: Stagflation concerns are creeping back into the US economic picture
A top Fed official and the chief economist at Apollo both sounded the alarm on stagflation risks this week.
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
The Atlanta Fed’s GDPNow model on Friday lowered its forecast for the U.S. economy to a contraction at a 1.5% annual rate.