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Friday, May 29, 2015
No major surprises in this morning’s second look at Q1 GDP, with the growth pace revised down into negative territory after the essentially flat reading the first time around. But the revision didn’t come as much of a surprise as trade and inventories data following the initial read a month back had come in even weaker.
Other key components of the release related to consumer, business and government spending effectively remained unchanged. All in all, the repor...