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Economic and Market Data Signal a Recession Is Coming
A slew of economic and market data is signaling that a recession is around the corner. Declining stock market and dollar values show investors' displeasure.
Additionally, deportations of undocumented immigrants, as well as the fear thereof, is causing significant uncertainty in several important economic sectors such as construction, farming, hospitality, poultry, and small businesses. On Monday, a closely watched model of gross domestic product level, the Federal Reserve Bank of Atlanta’s GDPNow, estimated significant decline of 2.8% in annualized growth for this quarter. Traders sold the dollar due to fears of how tariffs will impact American companies and in anticipation that a weakening economy will lead the Federal Reserve to lower interest rates later in the year.
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