Email Exchange with GDPNow Creator on Today’s PCE Report

by Mike ‘Mish’ Shedlock
Mish Talk

Today, the Atlanta Fed released it’s 2nd quarter GDPNow Estimate.

However, today’s Personal Income and Expenditures report was for March, a first quarter GDP Item. Spending was very weak.

I asked Patrick Higgins, the GDPNow creator, how today’s report would have affected the GDPNowcast for first quarter.

His answer was inconclusive …

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