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Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge

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Tyler Durden
Zero Hedge
Thursday, April 28, 2011

Key highlights:

  • US GDP Price Index (Q1 A) Q/Q 1.9% vs. Exp. 2.3% (Prev. 0.4%)
  • US PCE Core (Q1 A) Q/Q 1.5% vs. Exp. 1.4% (Prev. 0.4)
  • US Personal Consumption (Q1 A) Q/Q 2.7% vs. Exp. 2.0% (Prev. 4.0%)

and the kicker:

  • US Initial Jobless Claims (Apr 23) W/W 429K vs. Exp. 395K (Prev. 403K)

Nobody could have predicted the economic devastation (even as inflation surges). Nobody. And certain not the wise oracles at the Federal Reserve.

Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge Q1%202011%20GDP 0

This article was posted: Thursday, April 28, 2011 at 8:26 am





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