-
Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), First Quarter 2023
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 1.1 percent (refer to "Updates to GDP"). The updated estimates primarily reflected an upward revision to private inventory investment. The increase in real GDP reflected increases ... (full story)
-
GDP revised up to 1.3% growth rate in first quarter
The Bureau of Economic Analysis on Wednesday revised up its estimate for first quarter GDP growth to a 1.3% annual rate, from a previously estimated 1.1%. The latest update, the second of three, shows that first quarter gross domestic product growth was lower than the preceding quarter's 2.6% clip, showing a slowdown attributable in part to the Federal Reserve's campaign to tighten monetary policy and bring down inflation. The Fed once again hiked interest rates this month by a modest degree — a quarter of a percentage point — despite the threat of recession. Most investors expect the Fed to pause hiking rates ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 25, 2023 8:35am May 25, 2023 8:35am
-
hesron
- Joined Dec 2012 | Status: Member | 1613 Comments
- Comment #2
- Quote
- May 25, 2023 8:36am May 25, 2023 8:36am
- Guest
- | IP XX.XX.226.249
- Comment #3
- Quote
- May 25, 2023 8:52am May 25, 2023 8:52am
- kPuzis
- | Joined May 2016 | Status: Member | 2 Comments
- Comment #4
- Quote
- May 25, 2023 8:52am May 25, 2023 8:52am
- MaverickCT
- | Joined Jan 2011 | Status: Member | 370 Comments
- Comment #5
- Quote
- May 25, 2023 8:57am May 25, 2023 8:57am
- Guest
- | IP XX.XX.226.249
- Comment #6
- Quote
- May 25, 2023 9:16am May 25, 2023 9:16am
- Ftmofx
- | Commercial Member | Joined Feb 2022 | 759 Comments
- Comment #7
- Quote
- May 25, 2023 9:19am May 25, 2023 9:19am
-
yudis07
- | Joined May 2019 | Status: VIP | 24 Comments
- Comment #8
- Quote
- May 25, 2023 9:30am May 25, 2023 9:30am
- Banditten
- Joined Sep 2019 | Status: Member | 1219 Comments
- Comment #9
- Quote
- May 25, 2023 9:41am May 25, 2023 9:41am
-
Horiyomy
- | Joined Jul 2018 | Status: Member | 92 Comments
- Comment #10
- Quote
- May 25, 2023 9:45am May 25, 2023 9:45am
- jordanvic
- | Joined Jul 2020 | Status: Bro | 744 Comments
- Comment #11
- Quote
- May 25, 2023 11:03am May 25, 2023 11:03am
- Ericedge
- | Joined Oct 2022 | Status: Member | 211 Comments
- Comment #12
- Quote
- May 25, 2023 12:33pm May 25, 2023 12:33pm
-
Cdfx
- | Commercial Member | Joined Apr 2018 | 110 Comments
- Comment #13
- Quote
- May 26, 2023 6:43am May 26, 2023 6:43am
- Banditten
- Joined Sep 2019 | Status: Member | 1219 Comments
- Comment #14
- Quote
- May 26, 2023 8:23am May 26, 2023 8:23am
- gat
- | Joined Dec 2009 | Status: Member | 1040 Comments