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New Fed Numbers Show Zero GDP Growth at Best

This isn’t a guarantee of a recession, but one seems more likely to happen than not.

By Erik Sherman | June 15, 2022 at 03:48 PM

For those in commercial real estate worried about the immediate economic future, today brought a double dose of bad news.

First, in order of occurrence, the Atlanta Fed gross domestic product (GDP) tracker just indicated an update of estimated second quarter economic growth: 0%. Then came the moment many had been steeling themselves for. The Federal Open Market Committee of the Federal Reserve raised its benchmark interest rate by 75 basis points, the largest since 1994, according to multiple outlets, and a jump up from the 50 bp increase that the Fed had previously telegraphed. 

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