pull down to refresh
Yes, inflation dropped to 1.7%. Annualized nominal GDP growth was 2.1% for the first quarter but that was largely due to exports as American importers stocked up before the tariffs went into effect. It is expected to drop.
reply
pull down to refresh
Yes, inflation dropped to 1.7%. Annualized nominal GDP growth was 2.1% for the first quarter but that was largely due to exports as American importers stocked up before the tariffs went into effect. It is expected to drop.
Didn't inflation come in super low, too?
That's an enormous increase in real spending.