US March quarter GDP growth misses expectations; GDP deflator of “particular interest”

25 April 2024

 

Summary: US GDP up 0.4% (1.6% annualised) in March quarter, below expectations; ANZ: GDP price index  accelerates to 3.1% (annualised), of particular interest to markets; US Treasury yields rise; rate-cut expectations soften; GDP price deflator rate slows from 2.6% to 2.4%. US GDP growth slowed in the second quarter of 2019 before stabilising at about 0.5% per quarter.  At the same time, US bond yields suggested future growth rates would...

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