U.S. 1Q GDP Revised Up to 1.2% Growth

The video discusses the unexpected upward revision of GDP to 1.2% for the first quarter, driven by personal consumption and durable goods. Experts analyze the implications for the Federal Reserve, suggesting a potential interest rate hike in June. The discussion also touches on inflation and the Fed's portfolio reduction plans.

What was the revised GDP growth rate for the first quarter?

• 1.5%

• 0.7%

• 1.2%

• 0.9%

Which factor contributed significantly to the GDP's upward revision?

• Reduction in inflation

• Decline in capital goods

• Increase in personal consumption

• Decrease in durable goods

Who joined the discussion to provide insights on the GDP data?

• Jonathan

• Keith Parker and Ira Jersey

• Lael Brainard

• Jim Bullard

What is one potential action the Federal Reserve might take in response to the GDP data?

• Decrease interest rates

• Increase interest rates

• Maintain current interest rates

• Eliminate interest rates

How might the new GDP data affect the views of moderate Federal Reserve Board members?

• Encourage immediate action

• Make their case less palatable

• Strengthen their case for no change

• Have no impact