Q1:18 GDP 1st estimate +2.3
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Started by TimNew - April 27, 2018, 9:38 a.m.

A little soft but better than forecast so far.

I currently have no idea on the revisions.

By bear - April 27, 2018, 11:10 p.m.
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i have to admit, that is better than what I had expected.   I was thinking we would see sub 2% growth for 1Q.

but then I am never quite sure how much these things may be skewed by govt bean counters who "massage" the figures.  

By TimNew - April 28, 2018, 8:02 a.m.
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It's better than most, including me, expected.  Business inventories are higher than expected.

By MarkB - April 28, 2018, 1:59 a.m.
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Listening to the news this afternoon, they were talking about the Fed raising interest rates to slow down the econimic growth. Seems we are advancing oveall, a little too fast to suit them. As a futures trader, it sounds like opportunity to me.

By TimNew - April 28, 2018, 8 a.m.
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By definition, the Fed's primary function is to control inflation.  They do this through prime rate and money supply. "Target" inflation rate is around 2%.  

Inflation has not been much of a concern since the "great recession", but as economic activity increases, they are, IMO, in a more preemptive proactive stance than a reactive one.