Recession talk is flooding Wall Street again.
It has been a week of abysmal data, which weighed on a regional central bank’s GDP estimate.
The Federal Reserve Bank of Atlanta trimmed its GDPNow estimate for the first quarter to 1.5 percent, down from the previous 1.7 percent.
The Atlanta Fed Bank’s GDPNow had been as high as 3.5 percent.
Here is a look:
Meanwhile, here is some of the data published on Wednesday:
- 30-year mortgage rate: 6.40%
- Mortgage applications: -4.1%
- Trade deficit: -$70.5 billion
- S&P Global Services PMI: 52.6
- ISM Services PMI: 51.2
- ADP Employment Change: 145,000
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