Consumer Trends Market Trends Market/Economic Trends The Ashton Report Insider Whats Important Now: Insider

Expected Breaking News: With March Plunge, 1Q US GDP And PCE Suck; Europe, Hit Earlier, Fared Worse.

Written by The Ashton Report

The US Bureau of Commerce released its preliminary gauges of gross domestic product and its major components April 28. In the US, real GDP fell 4.8%, somewhat worse than had been anticipated by most economists. The Blue Chip consensus was 3.8%, for example. The biggest part of the decline was the crash in consumer spending,…

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