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24th Apr 2024 17:27US, Daily Monitor

  • The Q1 data suggest upside risk to our 0.28% March core PCE forecast, but 0.3% rounded still looks likely.
  • Q1 GDP growth was better beneath the hood; the headline was hit by a big foreign trade drag...
  • ...But expect drags in Q2 from inventories and residential investment, as well as slowing consumption growth.

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Keywords for: 26 April 2024 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence