More on Q1 GDP (third estimate): The big needle-mover in the sharp downward revision (to 1.8%...

|By:, SA News Editor

More on Q1 GDP (third estimate): The big needle-mover in the sharp downward revision (to 1.8% from 2.4%) was a revision to personal consumption spending to 2.6% from 3.4%. Treasury prices are partying at the moment, but the Fed - for all its faults - at least tries to look forward. This morning's data is for Q1 and the calendar turns to Q3 in a few days. SPY +0.4%, QQQ +0.4% premarket.