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GDP: Deja Vu
Real GDP growth in the United States during the first quarter of 2019 was much better than expected. The Bureau of Economic Analysis (BEA) estimates that total economic output expanded by 3.12272% in Q1 over Q4 2018. Most analysts were expecting somewhere around 2.3% to 2.5%. Considering mounting uncertainties and growing fears, in the face of a lot of increasingly negative data, it was for many a welcome green shoot. As such, you might have thought those pessimists in the bond market, these economic bears must’ve been quieted by such a good economic number. After all, doesn’t this major economic stat reignite ... (full story)
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Hutch
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