The Kobeissi Letter|Apr 01, 2025 16:13
WOW.
The Atlanta Fed has just revised their Q1 2025 GDP estimate lower AGAIN, to -3.7%.
Adjusting for gold imports and exports, the Atlanta Fed now sees -1.4% GDP contraction in Q1 2025.
Just 2 months ago, they saw GDP growing by +3.8% in the same period.
The revision was due to recent economic data which has shown a slowdown in spending.
Is the Atlanta Fed calling for a recession?
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