GDP Growth

24Q1 GDP growth is slipping. The St. Louis Fed has reduced their latest estimate from 1.4% (annualized) to 0.9%. Not to be outdone, the NY Fed has reduced its forecast from 2.8% to 2.3%, and the Atlanta Fed has pushed down its current expectation from 3% to 2.1%. Averaging the three has 24Q1 GDP coming in at 1.8%, well down from 23Q4 at 3.2%, and a decline of almost 50%.