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Cruel US GDP Revisions Are Cause For Angst
Historically, I haven't spent a lot of time covering GDP revisions for the US economy, but I've been compelled to change my attitude over the past year or so.
Market participants are keen to parse any incremental information that might be useful in refining macro and policy expectations, and in that regard, the revisions arguably matter more than they used to.
Growth for Q4 was revised lower on Thursday in the second estimate, to 2.7% from 2.9%. Economists expected no change. I'm inclined to b
The results from Dominos and the Dollar Store are worth eyeballing. Dominos cited customer pushback against price increases. Maybe their clienteles do not have much borrowing capacity left on their credit cards?