Surveillance: ECB, Fed Raise Rates
Bloomberg Surveillance
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The Fed's Forecast for GDP for the Year Is on Alert
Inventories and trade subtracted about a tenth of a percent from the overall number. Government consumption was up 2.6%. That's down from 5% in the previous quarter. Non-defense spending, which was up 10.5% in this first quarter was down 1.1%. It's consumers and business spending, the C and I part of C plus I plus G plus Nx.
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