Atlanta Fed Tracker Suggests U.S. Is In Recession

“A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession,” CNBC reports.

“The Atlanta Fed’s GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by 2.1%. Coupled with the first-quarter’s decline of 1.6%, that would fit the technical definition of recession.”