According to my pal Chris Low, Chief Economist at FHN Financial, first quarter real GDP growth of 1.1% was weaker than the 1.9% consensus, itself weaker than the consensus forecast last week, in part because last minute data releases, like yesterday’s durable goods orders, were weaker than expected and in part because inventories fell a lot more than expected.
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.