Details of the final Q1 2016 US GDP data report 28 June 2016
– Personal consumption vs 2.0% exp. Prior 1.9%. Q4 2015 2.4%
– Core PCE 2.0% vs 2.1% exp. Prior 2.1%
A bit of a mix and match in this one. The drop in consumption should be a worry but then we’ve had an outlandish jump in corp profits. Prices are a tad softer.