Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022.
Elizabeth Frantz | Reuters
A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession.
Most Wall Street economists have been pointing to an increased chance of negative growth ahead, but figure it won’t come until at least 2023.
However, the Atlanta Fed’s GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by…