What was the upward revision for the first quarter GDP?
U.S. 1Q GDP Revised Up to 1.2% Growth
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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.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the median estimate for personal consumption?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
How did durable goods perform compared to estimates?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What impact did consumer spending have on the GDP in the first quarter?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the implications of the inflation numbers on the Federal Reserve's decisions?
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