First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists.
GDP contracted by 0.5 percent on an annualized basis, 0.3 percentage points lower than the last measurement from the Commerce Department.
Economists were expecting the number to stay the same at a 0.2 percent contraction. ...
More.
Average yields at Treasury Note auctions this week have been significantly lower than at the immediately preceding auctions, indicating there has been a flight to safety on souring economic growth expectations.
Trump may get his lower interest rates . . . the hard way, lol.
