The Atlanta Federal Reserve is projecting a contraction of the nation's gross domestic product (GDP) of 1.5 percent in the first quarter, flashing a warning sign for the U.S. economy.
An ominous measure that the Federal Reserve considers a near sure-fire recession signal again has reared its head in the bond market.
-- CNBC (@cnbc.com) February 26, 2025 at 3:00 PM
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What Is a Recession?
www.investopedia.com
... A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.
Economists at the National Bureau of Economic Research (NBER) measure recessions by looking at nonfarm payrolls, industrial production, and retail sales, among other indicators.1 NBER also points out that there is "no fixed rule about what measures contribute information to the process or how they are weighted in our decisions."
A downturn must be deep, pervasive, and lasting to qualify as a recession by NBER's definition. Since some of these qualities may not be evident when a downturn first begins, many recessions are called retroactively.2 ...
@#1 ... But consumer spending, which accounts for more than two-thirds of demand, declined 0.2% in January, ...
Consumer loan delinquencies have been increasing since 2021Q4.
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