Wednesday Afternoon Links

[CNBC] Dow falls 200 points after first-quarter GDP contracts, raising recession fears: Live updates 

[Yahoo/Bloomberg] Bond Yield Curve Steepens on Mixed Data, Treasury Refunding Plan

[Yahoo/Bloomberg] Oil Slump Accelerates on Signs OPEC+ Will Maintain Higher Output

[Yahoo Finance] Shrinking GDP and elevated inflation put Fed in tough spot

[Yahoo/WSJ] U.S. Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs

[Yahoo/Reuters] US consumer spending surges in March, inflation cools

[Yahoo/CNN] Consumer spending soared in March as Americans tried to get ahead of tariffs

[Yahoo Finance] Housing contract activity saw a big jump in March before rate volatility began

[Yahoo/Reuters] Fed should ditch current policy framework, group of former top central bankers says

[Yahoo/Reuters] Europe's major banks signal caution as ominous outlook tempers profit wins

[BBC] Xi's real test is not Trump's trade war

[Bloomberg] US Leveraged Loans Poised for Rare Consecutive Monthly Losses

[Bloomberg] External Fed Review Calls for Guardrails Around Asset Purchases

[Bloomberg] China Sovereign Fund Cuts US Private Assets Amid Trade War Risk

[FT] What the US stands to lose from a dented dollar

[FT] The Iberian blackout is a wake-up call