|Current-dollar GDP increased 4.3 percent, or $211.2 billion, in the first quarter to a level of $19.97|
trillion. In the fourth quarter, current-dollar GDP increased 5.3 percent, or $253.5 billion (table 1 and
The price index for gross domestic purchases increased 2.8 percent in the first quarter, compared with
an increase of 2.5 percent in the fourth quarter (table 4). The PCE price index increased 2.7 percent, the
same increase as in the fourth quarter. Excluding food and energy prices, the PCE price index increased
2.5 percent, compared with an increase of 1.9 percent (appendix table A).
Nothing to be overly concerned about here though the Dow looks like someone tied running shoes laces together lovey dovey type thing with lovey tripping on dovey with a result of stationary movement. That should end rapidly as the peaches start to fall off the tree. Hard hats recommended.