The Bureau of Economic Analysis (BEA) released the first quarter GDP numbers today and far exceeded all forecasts. The rate of growth in the first quarter was measured at 3.2% far above the anticipated 2.5% range; and the annual rate of inflation remains low at 1.7%.
The economy grew at a surprising rate of 3.2% in the first quarter, well above the consensus forecast of 2.5%. Also reported Friday was the latest PCE inflation data for the first quarter, showing core inflation at 1.7% year over year, down from 1.9% in the fourth quarter. (more)
MSNBC calls 1st quarter 3.2% GDP growth “beautiful” “strong” “extraordinary" and “incredible."
This is an unmistakable win for the Trump administration. His policies win! pic.twitter.com/kVXLrGHN6v
— Robby Starbuck (@robbystarbuck) April 26, 2019