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29th Apr 2022 00:20U.S., Daily Monitor

The dip in first quarter GDP hides solid consumption and investment numbers; ignore the noise.

Growth likely will rebound strongly in the second quarter; 5% or better is a decent starting assumption.

A further moderation in ECI wage growth is a good bet for Q1, implying easing core-core inflation risk.

ahe core inflation employment exporters fed foreign trade gdp forecast gdp growth government government spending headline index imports inflation forecasts labor March net trade pce policy productivity q1 q1 gdp q4 real incomes savings summer trade u.s. unemployment us wage growth

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Keywords for: Economic Growth will Rebound in Q2, the Fundamentals are Solid

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