1Q ’24 GDP of 1.6% Misses Expectations
The first estimate for 1Q GDP came out this morning. Growth of 1.6% was well below expectations of 2.2% with some economists expecting a much higher number. As usual, we’ll go through a couple of adjustments. DKI adjusts for change in private inventories because it reflects inventory stocking or de-stocking as opposed to actual economic … Read more