Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers.
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America's economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first quarter of the year, according to consensus expectations from Refinitiv. The Federal Reserve Bank of Atlanta's GDPNow model forecasts a seasonally adjusted annualized growth rate of 1.3% as of mid-April.That would be a steep drop compared with the 6.
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