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Two key gauges of US economic activity diverged in first quarter

GDP rose 1.3% in Q1

Bloomberg News

The government’s two main measures of US economic activity diverged in the first quarter, with one gauge painting a picture of weakness. Gross domestic product rose at a revised 1.3% annualized pace in the first quarter, up slightly from the government’s previous estimate. However, a gauge of the income generated and costs incurred from producing […]

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