The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
YEN WEAKNESS FINALLY SHOWING UP IN U.S. DATA?
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YEN WEAKNESS FINALLY SHOWING UP IN U.S. DATA?

The 'tourist examines why economists missed the GDP number by so much

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Kevin Muir
Apr 26, 2024
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The MacroTourist
The MacroTourist
YEN WEAKNESS FINALLY SHOWING UP IN U.S. DATA?
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The U.S. GDP figure for the 1st quarter of 2024 was just released, and it fell well short of expectations. A Bloomberg survey of economists had forecasted a 2.5% reading, but it actually came in at 1.6%.

A good buddy immediately DM’d me and said, “how the heck do you miss GDP by that much?”

Good question. Actually, great question. And I didn’t know the a…

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