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US: Q1 GDP Revised Slightly Lower, But Details Show Domestic Economy Still Strong 

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The second estimate of first quarter real GDP growth was revised down 0.3 percentage points (pp) to 1.3% quarter-over-quarter (annualized) – bang-on the consensus forecast. Looking under the hood, downward revisions to consumer spending, private inventory investment, and federal spending were partly offset by upward revisions to state & local government spending and fixed investment. […]

The post US: Q1 GDP Revised Slightly Lower, But Details Show Domestic Economy Still Strong  appeared first on Action Forex.

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