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The GDP report had all of the excitement to warrant top billing for the week. However, the details will let you draw from it what you want. I think it was a bit of a disappointment, as the strength came from areas that were contradictory to the regional Fed data for that time period. Let’s start with the headline number, up 2.4%. That pretty much was in line with the 2.5% to which the consensus had drifted. The shocker was that the first quart... full story >>