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in Economy

Fed GDP tracker shows the economy could be on the brink of a recession

by Editor June 21, 2022, 6:17 pm 999 Views

Fed GDP tracker shows the economy could be on the brink of a recession

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.

Tom Williams | CQ-roll Call, Inc. | Getty Images

A widely followed Federal Reserve gauge is indicating that the U.S. economy could be headed for a second consecutive quarter of negative growth, meeting a rule-of-thumb definition for a…

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