Weekly Economic Release Summary – Q1 2019 Economic Growth Overstated

Summary

  • The FOMC meeting statement issued this past week included the statement “that economic activity rose at a solid rate”.
  • The FOMC were inferring that the economy was stronger in 1Q 2019 than the previous quarter.
  • The components of GDP do not support that the economy was stronger.

Source: Weekly Economic Release Summary – Q1 2019 Economic Growth Overstated

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