PCE Inflation Ticked Down Again In March, Spending Flat, And 1Q-23 GDP Growth Slower Than Forecast

Real gross domestic product growth in 1Q-23 slowed more than many economists expected but remained positive coming in at an annual rate of 1.1%, according to a Bureau of Economic Analysis advance estimate released April 27. Real GDP growth was 2.6% 4Q-22, according to the latest BEA estimate. The next day, BEA released its monthly…