Sunday, March 02, 2025

Fed Predicts Negative 1.5% GDP Growth in First Quarter

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.

Posted by reinheitsgebot at 03:30 PM | 19 COMMENTS | permalink

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An ominous measure that the Federal Reserve considers a near sure-fire recession signal again has reared its head in the bond market.

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-- CNBC (@cnbc.com) February 26, 2025 at 3:00 PM

Comments

But consumer spending, which accounts for more than two-thirds of demand, declined 0.2% in January, the Commerce Department reported Friday, instead of rising as economists expected. It was the largest monthly drop in four years."

"Meanwhile, the Conference Board's consumer confidence index posted its largest monthly decline in February since 2021, and consumer expectations of inflation have risen. An index of global economic policy uncertainty based partly on news articles and economic forecasts has topped its pandemic-era record."

politicalwire.com

The bankruptcy-prone orange pedo built that.

#1 | Posted by reinheitsgebot at 2025-03-01 07:54 AM

Concentrating even more wealth in a handful of billionaires, laying off thousands of employees, inflation rising, consumer spending dropping.

Yep...its coming.

Ruining an economy in 30 days has got to a record.

Congratulations to the bankruptcy prone pedo.

#2 | Posted by Nixon at 2025-03-01 08:16 AM

Ruining an economy in 30 days has got to a record.

Operation Warp Speed.

#3 | Posted by reinheitsgebot at 2025-03-01 08:37 AM

There's no satisfaction rubbing such things in the noses of such MAGA who come here.

If they have any intelligence at all they know what's going on.

They're evil sumbitches.

We can only hope that they'll die first and give the rest of us some chance to rebuild.

#4 | Posted by Zed at 2025-03-01 08:50 AM

Any magats want to guess how long it will take Krasnov to eclipse the 15% u/e rate he racked up during his first disastrous term.

#5 | Posted by reinheitsgebot at 2025-03-01 09:36 AM

Thanks, Trumpers!

#6 | Posted by Corky at 2025-03-01 11:05 AM

I told you so you magat -----

#7 | Posted by truthhurts at 2025-03-01 11:15 AM

An "end to the devastating inflation crisis", tariffs and big cuts to taxes, regulation and the size of government are all on the agenda. This combination, he says, will ignite an economic boom and revive withering faith in the American dream. "We're at the beginning of a great, beautiful golden age of business," he pledged from the podium at Mar-a-Lago.
Promises made, promises not kept. Another 10 days and we get to see if he's going to kill daylight saving time like he said he would. LOL. Not.

#8 | Posted by REDIAL at 2025-03-01 11:19 AM

Why aren't MAGAts bragging about the bankruptcy-prone rapist's economy?

#9 | Posted by reinheitsgebot at 2025-03-02 11:06 AM

BUt I ThOuGhtZ PRrZuhDeIbTz CanT AfFecTz duh EcOnomIeXsz!!

Expect that to be the standard response from the MAGA idiots.

#10 | Posted by jpw at 2025-03-02 11:47 AM

Uh-oh!

I wonder how this happened?

Another mystery from the dawn of time.

#11 | Posted by Zed at 2025-03-02 03:59 PM

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 ...


#12 | Posted by LampLighter at 2025-03-02 04:01 PM

@#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.
fred.stlouisfed.org


#13 | Posted by LampLighter at 2025-03-02 04:18 PM

Citizens United murdering Democracy.

"Nothing can be done."

#14 | Posted by redlightrobot at 2025-03-02 04:21 PM

So did Republicans not understand this was the plan,
Or did Republicans want this?

I don't think they'll ever tell.

#15 | Posted by snoofy at 2025-03-02 04:34 PM

As I've posted here & other sites, we have really tough times coming at us.

Food riots anyone?

#16 | Posted by Yodagirl at 2025-03-02 05:26 PM

This thread is getting crickets from the deplorables. Weird.

#17 | Posted by reinheitsgebot at 2025-03-02 08:13 PM

Muskcession

#18 | Posted by LegallyYourDead at 2025-03-03 01:08 AM

@#17 ... Weird. ...

Not weird, but almost expected.

#19 | Posted by LampLighter at 2025-03-03 01:27 AM

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