Atlanta Fed forecast shows first quarter economic contraction, could disrupt stocks and Bitcoin
The GDPNow forecast of the Atlanta Fed shows that the economy will shrink by -1.5% in the first quarter of 2025, which could disrupt the stock market and Bitcoin. The market is now waiting for the Fed's response to the economic headwinds.
- A significant revision to the GDPNow model of -1.5% was made due to a sharp decline in net exports and weakening consumer spending.
- Stocks face profit risks; Bitcoin and crypto assets may fluctuate due to expectations of Fed rate cuts.
- The Fed is balancing between inflation concerns (3% in January) and pressure to stimulate growth, delaying the clarity of rate cuts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
