FSD, the 0.7% was nominal growth. We’ll see what CPI is tomorrow. Some are expecting it to come in high, even 0.7%, due to strong increases in gas and food prices in March. If CPI does come in high, that will mean that March retail sales, in real terms, were flat. Remember, GDP is reported in real terms.
My wife is going to kill me, with gold about to bust through $700 again (we got out at $635-640, in anticipation that the market would crash faster than gold would rise; so far, wrong I am!).
