GDP Worse, Not Better,Than Expected
• Ritholtz.com/blogThe 0.5% GDP beat comes on top of a 0.9% downward revision. Hence, the net surprise was a compounded negative 0.4%. And that’s before the likely downward revisions to Q2 . . .
The 0.5% GDP beat comes on top of a 0.9% downward revision. Hence, the net surprise was a compounded negative 0.4%. And that’s before the likely downward revisions to Q2 . . .
