DiabloWags said:

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Atlanta Federal Reserve's GDP NOW just fell off a cliff for Q1.

From 2.3% to - 1.5%

Atlanta Fed now sees U.S. economy contracting 1.5% in first quarter, first decline in three years - MarketWatch

GDPNow - Federal Reserve Bank of Atlanta

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Wow

You didn't read the article on the right did you? It is worth it.

Which article are you referring to?

The politico one on the righthand side that talks about why the disconnect between why some thought 2023 and 2024 macro numbers were good and a lot of people said bad. Talks about labor force participation and a recasting of cpi. Some things just rhetoric but a good piece.

Atlanta Fed GDP estimate for Q1 headed even lower today.
Now looking for a contraction of - 2.8%

The ISM Manufacturing PMI index declined another 0.6% in February.
The ISM New Orders Index plunged 6.5% to 48.6%


Atlanta Fed's GDPNow now predicts U.S. economy will contract nearly 3% in Q1 By Investing.com

What a difference just 4 days make.

I bet this is gonna be Sleep Joe's fault somehow.