A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Data on the US economy often provides a clearer picture of the past than the present. That's much worse than the overall view of economists surveyed by Refinitiv, who expect a 4% contraction on average. That would still be the sharpest contraction in more than a decade. The other big event on Wednesday is a press conference by Federal Reserve Chair Jerome Powell after the latest meeting of the central bank.

Source: CNN April 29, 2020 12:00 UTC