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The negative growth shown by the US economy in the first quarter of this year makes the Federal Reserve’s problems much more difficult since US inflation is at an annual rate of 8.5% and is the biggest problem at the moment but now, assuming the Fed raises interest rates aggressively, the US economy is easy. You will slip into a recession, that is, into a sequence of quarters of negative growth that means destructive.
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At this point on Wall Street we like the figure published today because it is increasing the pressure on the Fed not to raise interest rates too fast and at rates too sharp, which brings back to the discourse the term that spoke most about the disconnection of wall street from main street.