Has the US ALREADY spiraled into recession? Real-time Federal Reserve economic growth tracker suggests country is now in a slump amid soaring inflation and spiking interest rates

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by Boo_Randy

It’s going to get harder and harder for Brandon, Jerome Powell, and Yellen the Felon to keep lying about our “booming economic recovery” as the real economy is in free-fall.

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  • The Federal Reserve Bank of Atlanta’s GDP tracker recorded a 2.1 percent drop in the nation’s GDP on Thursday, marking another quarter of declines 
  • It suggests the US is in a recession, which is identified when GDP falls over two successive quarters in a period of economic decline across the board
  •  It comes after Wall Street reported major losses at the end of the second quarter, with the S&P 500 reporting a 21 percent loss since the start of the year
  • Economists say soaring inflation and the Federal Reserve’s work to rein it in by raising interest rates are fueling the shocks to the market 
  • Analysts from major banks predict a recession to hit in 2023 
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