From BofA: This week’s data pushed up 4Q GDP tracking to 7.4% qoq saar from 7.0%, but lowered 1Q GDP tracking to 1.6% from 2.5%. [March 4 estimate]
emphasis addedAnd from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 0.0 percent on March 1, down from 0.6 percent on February 25. [March 1 estimate]
Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price...
Read more