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Strategies & Market Trends : John Pitera's Market Laboratory
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To: GROUND ZERO™ who wrote (1348)4/27/2000 8:57:00 AM
From: Defrocked  Read Replies (2) of 33421
 
The numbers are actually worse than at first glance.

Real PCE increased 8.3%, much bigger than the 5.9% Q4 gain.
Real final sales gain was 6.9% > the 6.0% in Q4.

Inventories and Net Exports kept the number below
7%. But with only 2 months worth of information the
Commerce department will probably have to raise
GDP in the revisions.

The Fed will not like these numbers at all. I even
imagine there will be some fingerpointing and "I told
you so's" at the May meeting.
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