Latest Updates: Related to Inflation

Q1 GDP is Stronger than Headline Suggests


First quarter GDP growth appeared much weaker than forecasts had indicated, but the underlying details suggest continued resilience and support additional Fed tightening. The initial measure of real GDP for the first quarter rose +1.1%, well below the +1.9% median forecast and down from +2.6% growth in Q4. However, the breakdown told a different story.

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