The FOMC meeting didn’t shed much light on Fed policy, but hopefully the data next week will.  Here are my takeaways from the past week: 1Q GDP was 0.2%. The GDP price index was -0.1%.  It’s just a quarter, but another quarter like this one, and we’ll start hearing the double dip and deflation mumblings. Thank you, Atlanta Fed. It’s still early, but I am pleasantly surprised at how the Atlanta Fed’s GDPNow seems much better than the Econoday “consensus” (which had predicted a 1.0% print on Q1 GDP).  GDPNow had been forecasting close to 0.2% for a few weeks. …

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