💨 Abstract

The US economy, previously strong, is now experiencing a significant slowdown with a potential contraction in Q1 2025, as indicated by the Federal Reserve Bank of Atlanta's nowcast. This change is due to a surge in imports, subdued manufacturing and construction sectors, and consumer concerns about inflation from tariffs. The monthly US trade deficit jumped in January, and the dollar index has weakened.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖