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It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.
The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.
The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.
Rising interest rates plus a strong dollar equals stiff economic headwinds.
GDI should be close to GDP, theoretically. It’s not.
While consumers cut back on goods spending, spending on services jumped.
There’s a link between anticipating future technology and spending decisions in the present, says macroeconomics professor Cristoph Görtz.
There are reasons to take a weak gross domestic product report with a big grain of salt.
The downturn isn’t surprising, considering inventories grew by a record amount the quarter before.
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.