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%

Real GDP increased at an annual rate of 1.6% in the first quarter of 2024 A broad measure of U.S. economic demand—real final sales to private domestic purchasers, which excludes trade, inventories and government spending—increased at a 3.1% rate www.wsj.com/economy/central-banking/us-gdp-economy-first-quarter-2024-1675df05?mod=economy_lead_story pic.twitter.com/KO9z7dcL72

🇺🇸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