US Economy Contracted Even More Than Expected In Q1, Raising Odds Of Recession

from ZeroHedge: After the Atlanta Fed reported yesterday that it had cut its Q2 GDP nowcast to 1.8% from 2.4%, meaning that we are just 1.8% away from a full-blown technical recession after last month we learned that Q1 GDP unexpectedly tumbled deep in the red… … few were too excited about today’s first revision of […]

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