All that optimism for hot first-quarter economic growth is rapidly fading away
- Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain, but on Wednesday it said growth likely will be just 1.9 percent.
- The cut comes amid similar reductions from J.P. Morgan and Goldman Sachs, who now respectively see growth at 2 percent and 1.8 percent.
Forecasts see economic growth possibly below 2 percent to start the year