News about economy

GDP growth was < yesterday's expectation & slightly below what was expected in Feb. But well above what we had expected earlier. Survey of Professional Forecasters expectations for real GDP in Q1: Feb-23: 1.3% May-23: 1.0% Aug-23: 1.1% Nov-23: 0.8% Feb-23: 2.1% Actual: 1.6%

GDP growth came in a bit below expectations at a 1.6% annual rate in the first quarter. But much of the slowdown was in non-inertial items like inventories (-0.35pp) and net exports (-0.86pp). The better signal of final sales to private domestic purchasers was 3.1%. pic.twitter.com/bIv8s5yMtA

🇺🇸US Economy Disappoints for the Right Reasons 📉 Real #GDP only advanced 1.6% annualized in Q1 2024, following strong +3.4% in Q4 '23 But while the headline print missed expectations by a mile, most of the shortfall stemmed from stronger imports pulled in by solid final demand pic.twitter.com/o6nwsIDCjv

🇺🇸 US Economy: Disappointing Spring🌸 📉Real #GDP in Q1 2024 ✅+1.6% q/q ✅+3.0% y/y 🛒Consumer +2.5% 🏘️Resid +13.9% 👩‍💻Biz invest +2.9% 🔻Inventory -0.4pt 📦Trade -0.9pt (strong imports⚠️) 🏦Gov +1.2% 📉PCE #inflation ⤵️Headline 2.6% y/y (-0.2pt) ⤵️Core 2.9% (-0.3pt) pic.twitter.com/DGRqKIzOh3