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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1348)	4/27/2000 8:57:00 AM
From: Defrocked	Read Replies (2) \| Respond to 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.