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Super Brief: The Number That Moved Twice — Super Brief
Published 3 weeks, 5 days ago
Description
The Number That Moved Twice. The BEA revised Q1 GDP down to 1.6% from 2.0% on the same morning core PCE hit 3.3% year-over-year, the hottest inflation reading in nearly three years. The market shrugged and closed at records. That shrug is the story. GDP revisions during inflationary transitions are not backward-looking noise. T