inflation and Fed policy

North American GDP Contracted Last Quarter

May 29, 2015

U.S. and Canadian real GDP declined at similar annualized rates of 0.7% and 0.6% in the first quarter.  Those were the first contractions in four quarters in the U.S. instance and in 19 quarters in Canada’s case.  U.S. nominal GDP fell 0.9%, and the personal consumption price deflator registered an on-year uptick of only 0.3%, […] More