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. The

The Atlanta Fed’s GDPNow model on Friday lowered its forecast for the U.S. economy to a contraction at a 1.5% annual rate. This would be the first quarterly contraction in the economy since the first quarter of 2022.

The US economy is setting up to take a major step back in the first quarter after a pair of reports showed weaker consumer spending and a dramatic widening of the trade deficit at the start of the year,

The latest reading from the Atlanta Fed's widely followed GDPNow indicator has just been published, and it appeared to confirm investors' fears that the [pace of U.S. economic growth might be slowing