{"id":187263,"date":"2013-04-26T18:31:00","date_gmt":"2013-04-26T23:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/04\/26\/gdp-numbers-are-out\/"},"modified":"2013-04-26T18:31:00","modified_gmt":"2013-04-26T23:31:00","slug":"gdp-numbers-are-out","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/04\/26\/gdp-numbers-are-out\/","title":{"rendered":"GDP Numbers Are Out"},"content":{"rendered":"<p>We saw a <a href=\"http:\/\/www.bloomberg.com\/news\/2013-04-26\/economy-in-u-s-grows-at-faster-pace-as-consumers-boost-spending.html\">2.5% annualized growth rate for the 1<sup>st<\/sup> quarter<\/a>, which is kind of &#8220;meh&#8221;, and below the 3% forecast, though the miss was largely driven by a fall in defense spending.<\/p>\n<p>Consumer spending was reasonably robust.<\/p>\n<p>Consumer sentiment fell, and inflation is still well below the Fed&#8217;s 2% target rate, which is IMNSHO lowere than it should be in this situation anyway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We saw a 2.5% annualized growth rate for the 1st quarter, which is kind of &#8220;meh&#8221;, and below the 3% forecast, though the miss was largely driven by a fall in defense spending. Consumer spending was reasonably robust. Consumer sentiment fell, and inflation is still well below the Fed&#8217;s 2% target rate, which is IMNSHO &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1089,992],"tags":[],"class_list":["post-187263","post","type-post","status-publish","format-standard","hentry","category-economy","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187263"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187263"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}