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The Capital Spectator has rounded up the latest batch of forecasts for Q1 economic growth:
We’re still a month away from the official BEA estimate, but there’s a lot of agreement in these forecasts. If growth really has fallen to 1.4 percent, that will make three consecutive quarters of decline and surely raises the risk of a recession in the near term. This would be a great time for the Fed to lower rates, wouldn’t it?