From Investing.com:

A new round of nowcasts predict a slowdown in US economic activity for the first quarter of the year, with a projected 2.1% increase in Real GDP. This marks a decline from the previous quarter’s strong advance and raises concerns about a potential recession later in the year. However, despite softer growth in February, interest-rate cuts may be delayed due to stubborn inflation data. Consumer spending growth slowed early in 2024, indicating a possible economic tipping point on the horizon. The Federal Reserve will likely prioritize inflation concerns over economic slowdown when making rate decisions.



Read more at Investing.com: Fed Meeting Poses Pivotal Test for Market as Slowing GDP Meets Stubborn Inflation