What was the first read of the GDP for the first quarter?
U.S. First-Quarter GDP Growth Exceeds Estimates at 1.1%
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The video discusses the GDP estimates for the first quarter, highlighting the progression from an initial estimate of 0.5% to a final reading of 1.1%, driven by improvements in construction, trade, and manufacturing inventories. It also covers core personal consumption expenditures (PCE), which came in slightly below estimates at 2%. Despite these economic indicators, the futures market showed little reaction due to uncertainties surrounding Brexit.
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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
How did the second read of the GDP compare to the first read?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What factors contributed to the GDP improvement mentioned in the text?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the core PCE quarter on quarter personal consumption rate?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What impact does Brexit have on the economic data discussed?
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