The U.S. economy grew at a 2.1% annualized pace in the first quarter, revised up from the previously reported 1.6%. The update is modestly supportive for growth expectations, but it is still a backward-looking data revision rather than a fresh catalyst. Market impact should be limited.
The U.S. economy grew at a 2.1% annualized pace in the first quarter, revised up from the previously reported 1.6%. The update is modestly supportive for growth expectations, but it is still a backward-looking data revision rather than a fresh catalyst. Market impact should be limited.
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neutral
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