Growth Report for Monday, May 2, 2016
INCOME OUTDISTANCES SPENDING Personal income rose 0.4% in March, yet the Commerce Department reported personal spending up just 0.1%. That mild uptick contributed to a poor first quarter for GDP; last week, the Bureau of Economic Analysis estimated Q1 growth at 0.5%.1 CONSUMER OPTIMISM declineS The Conference Board’s consumer confidence index dipped 1.9 points in […]
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