The U.S. Economy Has Stalled, Again

While the stock market is back near three-year highs and job growth remains strong, U.S. economic growth has hit the skids once more. On Monday, in response to tepid personal spending data, the Federal Reserve Bank of Atlanta marked down its first quarter GDP growth estimate to just 0.6 percent — down from 1.4 percent just last week. The Q1 "GDPNow" estimate from the Atlanta Fed is down from the 2.0 percent result posed in the third quarter of 2015, the 2.2 percent average growth rate seen