US Q1 Real GDP Worse Than Expected -1.5% QoQ, Price Inflation Worse Than Expected 8.1% QoQ (At Least Personal Consumption Was Up 3.1%)
by confoundedinterest17 Today’s US Real GDP was worse than economists expected. US Real GDP Annualized QoQ printed at -1.5%. And GDP prices QoQ printed at 8.1%, also higher than expected. At least Personal Consumption printed higher than expected at 3.1%. Import prices (goods) led the way at 20.9%. Part of Biden’s brilliant strategy of reducing domestic … Read more