Pete the Banker: Obama’s Economy–GDP for Q1 Waaaay Down

Share with: Everybody. Sharing is caring, ya know.


The revision for Q1 is very large.  Why?  Further indication that Washington DC just has no clue? 

Moderation in inflationary pressure from 3.9 to 3.1%????  Core inflation is over the Fed’s limit!

The report also showed a moderation in inflation pressures, with the personal consumption expenditure price index rising at a 3.1 percent rate after rising 3.9 percent in the first quarter. 

Excluding food and energy, the core PCE index rose 2.1 percent, the fastest since the fourth quarter of 2009, after rising 1.6 percent in the first quarter. It overshot the Federal Reserve’s preferred 2.0 percent level.

The report also showed a moderation in inflation pressures, with the personal consumption expenditure price index rising at a 3.1 percent rate after rising 3.9 percent in the first quarter. 

Excluding food and energy, the core PCE index rose 2.1 percent, the fastest since the fourth quarter of 2009, after rising 1.6 percent in the first quarter. It overshot the Federal Reserve’s preferred 2.0 percent level. More data here.
Tell ’em where you saw it. Http://www.victoriataft.com

Share with: Everybody. Sharing is caring, ya know.