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VGSH - GDP Update: Moderate Growth And Disinflation Continue
Vanguard Short-Term Government Bond ETF
2024-04-26 05:10:00 ET
Summary
Markets have overreacted to Thursday's first quarter GDP stats; quarterly numbers are by nature volatile.
The first estimate of Q1/24 GDP growth came in weaker than expected (1.6% vs 2.5%).
On a quarterly basis, the deflator grew at a 3.7% annualized rate, which was a bit higher than the market's 3.4% expectation.
Markets have overreacted to Thursday's first quarter GDP stats. Quarterly numbers are by nature volatile; it's more important to look at them in a broader context, which the following charts provide....