Atlanta Fed Forecasts Official Recession With Negative GDP Growth in Q2

by Peter Schiff, Schiff Gold: On July 1, the Federal Reserve Bank of Atlanta lowered its Q2 GDP projection to -2.1%, officially forecasting a recession. So, much for Jerome Powell’s “soft landing.” A recession is technically defined as back-to-back quarters of negative GDP growth. If the Atlanta Fed’s projection of negative growth in Q2 comes to pass, […]