Trump Economy Explodes - 3.2% GDP First Quarter

April 26, 2019
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Trump Economy Explodes - 3.2% GDP First Quarter
Image by Gage Skidmore

The gross domestic product (GDP) of the U.S. economy grew at 3.2% in the first quarter. The consensus estimates was 2.0% with lots of talk of recession and the end of the tax cut 'sugar high'.

The Core Personal Consumption Expeditures QoQ for Q1 came in at 1.3% vs 1.6% estimate.

The Personal Consumption Expenditures Prices QoQ Q1 came in a 0.6% vs 1.3% estimate.

UPDATE...

The Michigan Consumer Sentiment Index for April also beat expectations at 97.2 vs 97.0. estimates.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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